Still bouncing back as the Dow gained 475 points on heavy volume. The advance/declines were better than 3 to 1 positive again. The summation index is now trying to turn around. Perhaps my prognosis of not getting back to new all time highs soon is wrong. Volatility does remain though so we'll see what happens for the rest of the week. It appears that the market is putting the Gamestop shenanigans in the rear view mirror. The S&P 500 has bounced up from its 50 day moving average. The short term technical indicators have moved back up as well. So things are not looking as bleak as they did a week ago. GE climbed 1/2 on average volume. Gold dropped over $25 on the April futures. The US dollar was a bit higher. Silver got crushed after its recent gains as the volatility in the precious metals has ramped up. The blame will be placed on the Gamestop crowd but markets go where they want to. The XAU fell 7 1/4, while GDX shed over a point. Volume was light. I adjusted down my order for the GDX February calls. I'm still not sure this is the right trade here but we're getting close to another buy signal on one of the more reliable indicators. Mentally I'm feeling OK. The VIX dropped pretty good today and that fits with todays rally. The short term indicators have rolled back down here for the VIX. We are not yet close to being oversold yet. If the market holds up for the next week, I'll be taking a look at the SPY February puts. We could have some negative divergences by then. But let's see how the rest of this week plays out first. The jobs report on Friday looms. Europe and Asia were both higher in last nights trade. We'll see what tomorrow brings.