Powering ahead to new all time closing highs as the Dow gained 257 points on good volume. The advance/declines were shy of 2 to 1 positive. The summation index is trying to turn back up again but remains in a sideways configuration. Once again the overall market was much stronger than the Dow, with the NASDAQ leading the way. There is no overhead resistance as the bulls are in control. It has only been two days of upside but it is beginning to feel like we may be getting to a blow off top if it continues. A new president and promises of easy money for as far as the eyes can see. Combine that with some good earnings reports and the market takes off. We're still short term overbought for the S&P 500 but that hasn't mattered for a while now. I guess we'll just see how far we can go. GE was off a few cents on light volume. Gold moved higher as the futures jumped thirty dollars. The US dollar finished little changed. The XAU was up 4 1/4, while GDX gained 1 1/8. Volume was good. I did place an overnight order for some GDX February calls but it was not filled. We had a gap to the upside at the open for the gold shares, so my order didn't have a chance. Looks like yesterdays signals were valid for the gold shares. I'll have to figure out whether or not to chase this move higher. Timing is so important with trading options and that fact cannot be taken lightly. GDX did close below the 50 day moving average so perhaps there will be a chance to get the calls in the coming days. We'll see. Mentally I'm feeling OK. The VIX was lower and closed below its 50 day moving average. This fits well with todays rally. Thw short term technical indicators have rolled over and point to higher prices going forward. The market is moving in anticipation of a liquidity rush with the policies of the new administration. That's my guess for what we're seeing at the moment. We're right up against the top of the Bollinger bands on some of the major stock indices but that doesn't mean we can't go higher in the short term. Asia was generally higher, with Europe up as well. It's a worldwide push into stocks. We'll see how it goes tomorrow.