It was a one day reversal to the upside as the Dow opened lower and closed higher. The most watched index gained 89 points on good volume to finish the month of October. The advance/declines were about even. The summation index is moving up. Earnings came in mixed in the morning but traders used the weakness as an excuse to buy. Several indices hit new all time highs including the S&P 500. There's still plenty of money hanging around to be put into stocks. As long as the liquidity lasts, the rally has legs. There is nothing on the horizon at the moment to stop the bulls. Gold took a hit today as the futures fell around $20. The US dollar had a spike up after yesterdays drop. Interest rates remained steady. The XAU fell 3 7/8, while GDX shed 7/8. Volume was average. The short term indicators for GDX are dropping and there's still some room to go before reaching oversold. Another day like today and my open order for the GDX January calls could get filled. I'll rethink this idea over the weekend. Mentally I'm feeling OK. The VIX bounced around and finished lower today. The short term indicators here are starting to roll back down which would prolong the up trend. This is what I expect to occur. We'll get beginning of the month money flows coming in early next week. Monthly trends look bullish for stocks as well on the candlestick charts. Octobers gains erased Septembers losses. The trend remains up with nothing as of yet to halt the rally. We'll enjoy the ride. We'll be going over all the charts this weekend as usual. Europe and Asia were mixed to finish the week and the month. It's Friday afternoon and time for a break.