The rally continues as the Dow gained 188 points on good volume. The advance/declines were better than 2 to 1 positive. The summation index is now moving up. The overall market was stronger than the Dow again with the NASDAQ leading the way. It closed above its 50 day moving average. We did pull back from the best levels of the session on the S&P. So perhaps some consolidation is in order. The S&P 500 did close at a new all time high. If we get some pullback here, perhaps I'll try the SPY March calls for a short term trade. I'm expecting the positive option expiration bias to be in effect next week. GE was off a buck on extremely heavy volume. They sold their air laesing business in a widely anticipated deal. Sell the news I suppose. Gold pulled back slightly today and the US dollar was lower as well. The XAU added 3 1/2, while GDX gained 5/8. Volume remains on the light side. The gold shares performing better than gold itself is a positive though. I'm still waiting to try the GDX April calls. The short term technical indicators for GDX have already turned back up but are not overbought as of yet. The light volume is a concern so there's no point in chasing this move higher right now. Resistance for GDX is at 34 and we'll see what happens when we get there. Mentally I'm feeling OK. The VIX was lower today and it's getting short term oversold. Therefore any attempt at trading the SPY calls in the March option cycle would have to be short term. Meaning a couple days or so at the most. It's good to see the small stocks take the lead again for the bullish cause. The only caveat on the move higher is the contracting volume as the indices have moved higher. It is a warning sign but not necessarily a deal breaker for trying the SPY March calls in the next six days. We'll see. Europe and Asia moved up in last nights trade. We'll close out the week tomorrow.