Another day to the plus side as the Dow added 173 points on light volume.  The advance/declines were positive.  The summation index is moving higher.  The Dow is acting like it wants to move up regardless of the election results.  I did place an open order for some SPY November calls but it wasn't filled.  There is not a good signal for the puts here yet but I do think that the market will move lower off of the election results.  But it is better to stick with the technicals.  The VIX still has room to move down and RUT was up today.  This implies further upside in the short term.  I'm still waiting for some kind of snap back to the down trend line that we broke last week.  Hasn't happened yet and perhaps we are in the midst of a V bottom.  If we do continues higher from here it will set up a short term put trade before expiration.  GE was up 1/8 and the volume was heavy.  Gold was off a few bucks on the futures.  The US dollar finished little changed.  The XAU and GDX had fractional losses on light volume.  It seems as though markets were in somewhat of a holding pattern ahead of the US elections.  Mentally I'm feeling a bit tired, did not sleep well.  I think that it's safe to say the bottom is in for the S&P 500.  Of course we said that last week but the price action since then confirms it in my mind.  Declines can be purchased in my humble opinion.  Whether or not we get one worth buying is the question.  We'll have to see what the reaction is to the election results is and take it from there.  There is still some room to move higher for the short term technical indicators for most of the major indices.  Patience may be a virtue at the moment.  Asia was higher and Europe a touch lower overnight.  We'll keep an eye on the ballot box and the markets reaction tonight.