A one day reversal to the upside for the Dow as it managed a gain of 2 points on average volume.  The advance/declines were barely positive.  The summation index is slowly moving up.  It looked like the market wanted to sell off today but made it back.  That is a positive.  The tone seems to have changed here as the buyers are coming in at the end of the day.  I still have my open order for the SPY May puts but am rethinking this idea on a constant basis.  We're still below the 50 day moving average on the S&P 500.  Some of the short term technical indicators here are getting closer to overbought but not there yet.  So it's a mixed bag at best.  Also time is running out on the may option cycle.  GE was up 20 cents on average volume.  Gold was little changed on the futures again as the US dollar continued higher.  The XAU and GDX had fractional gains on average volume.  They did finish well off of their lows for the session.  Mentally I'm feeling OK.  The RUT is acting well and is generally a leader for stocks.  This implies that higher prices are coming.  The market action lately seems to be saying that as well.  I probably should be patient and wait for the S&P to reach 2700 before putting in an order for the SPY May puts.  That may be the game plan going forward.  I'll consider it more tonight.  Inflation data due out in the next couple of days.  I get the feeling that we are going to surpass the 50 day moving average tomorrow and possibly take a run at 2700 in the S&P 500.  We'll see.  Europe and Asia were generally lower last night.  We'll keep an eye on the overnight developments.