Continuing higher as the Dow gained 152 points on light volume. The advance/declines were better than 2 to 1 positive. The summation index is moving up. Short term overbought for the major stock indices, with the S&P 500 just a hair off of closing at a new all time high. Stocks are poised to go higher with earnings season looking to be the catalyst. Declines can be bought if and when we experience any. Gold was up around $15 on the futures. The US dollar continued its decline, while interest rates remained steady. The XAU was up 1 1/2, while GDX gained 1/3. Volume remains light here. Mentally I'm feeling OK. The VIX was still lower and still is short term oversold. This is textbook behavior for this indicator during rallies. Therefore we can be quite certain that the rally has legs. Once again short term declines can be bought. Once we get past the old highs for the major stock indices there will be no overhead resistance. The bulls are now in control until further notice. The NYA has already blasted off to new all time highs. Other indexes most likely soon to follow. Europe was higher and Asia lower with the exception of the Hang Seng last night. US markets due for a pause but only a pause it would be.