The market roared back on a good jobs report as the Dow gained 197 points on light volume.  The advance/declines were short of 4 to 1 negative.  This should move the summation index back to sideways.  The overall market was much stronger than the Dow with the NASDAQ leading the way.  RUT is breaking out above its near term resistance and that's a plus as well.  Too late for the SPY May calls as yesterdays lows were the proper entry point there.  The VIX is back below 13 and the middle of the week selling for stocks is in the rear view mirror.  We should set new all time highs again for the S&P next week.  GE was up 1/4 on average volume.  Gold even had some buying as the futures rose around $8.  The US dollar was lower.  The XAU and GDX had fractional gains on light volume.  I sold all of my positions in the GDX May calls to get them off the books.  It was practically a total loss as the trend line break this week was the kiss of death.  I'll come back to getting long here in the summer perhaps if GDX can build a base at the 18 level.  It certainly didn't help here that NEM had to shut down one of its leading gold producing mines and the stock got clobbered leading GDX lower.  But you simply chalk it up as another loss and move on.  Mentally I'm feeling OK.  We had a short term shake out this week and now it's back to moving higher for stocks.  It helps that the US market is where everyone around the world wants to be.  There still seems to be plenty of money around to chase stocks higher.  At some point that will change but I don't see it just yet.  We'll need to see some more IPOs head higher for companies that are losing money.  We don't have that kind of froth yet so keep an eye out for it.  I still expect the rally to continue into this months option expiration.  Asia was mixed and Europe positive to close out the week.  Two weeks left in the May option cycle and I don't have any trading ideas as yet.  I'll be checking the charts this weekend to see what I can come up with.  For now it's Friday afternoon and time for a break.