A positive session to begin the week as the Dow rose 102 points on good volume. The advance/declines were negative though. The summation index is starting to roll over. The overall market was stronger than the Dow. Interest rates stepped back today but the market did sell off in the final hour. I'm still feeling positive going forward for now. If the summation index does roll over here I will have to change my view. GE lost almost a dime and the volume was light. Gold was a bit lower and so was the US dollar. The XAU fell about 1 1/2, while GDX shed 1/3. Volume was very light. The short term technical indicators for GDX are still overbought but have started to roll over. If we get a pullback here I'll be looking to purchase the GDX April calls. Mentally I'm feeling OK. The VIX dropped significantly today and closed below the 19 level. This is another reason to remain bullish here. Although still short term oversold the action in the VIX paints a positive picture going forward. Keeping below the 20 level is a plus for the bulls. The S&P 500 remains overbought but can stay that way in rallies. I do not see a near term trade set up in the SPY right now. Patience will be required. The option premiums are high since we just rolled into the April option cycle. It is watch and wait for now. Europe and Asia were mixed in last nights trade. We'll keep an eye on the overngiht developments.