We blasted back to the upside today as the Dow gained 530 points on average volume. The advance/declines were shy of 3 to 1 positive. The summation index is moving higher and we'll take our cues from there. I certainly did not expect the market to come back so quick. Declines can be bought. SPY is heading back to the 342 level and it is getting short term overbought. But the market has simply shrugged off yesterdays bad news and we must respect that. So I'm tossing out the idea of trying the SPY puts at 342. That time has come and is gone in my mind. GE was up 1/8 on average volume. Gold stabilized as the futures were up around $10. The US dollar finished little changed. The XAU was up a point, while GDX added 1/4. Volume remains light. I still have my open order for the GDX October calls out there. There's only seven days left in this option cycle. So the risk is certainly out there if the order gets filled. There's also seemingly no interest in the gold shares and that's been going on for a while. I'll consider what to do with this idea tonight. Mentally I'm feeling OK. The VIX was lower and the short term indicators are turning back down. That makes sense for a change. It also implies higher stock prices going forward but it won't be a straight line up. It appears that the market is pricing in a Joe Biden victory for the upcoming US presidential election. Who knows, maybe we'll make it back to new all time highs in the next couple of months. I'll be checking out GDX in depth tonight and go from there. Asia was higher and Europe mixed last night. We'll keep an eye on the overnight developments.