Up, up and away we go as the Dow rose 105 points on good volume. The advance/declines were 2 to 1 positive. The summation index is moving up. The Fed offered no surprises and stated that it would start to cut back on the liquidity beginning next month. This was already in the market and we rallied after the announcement. Now cutting back on liquidity would normally be an excuse to sell but not today. This is the world we live in, where money is created out of thin air via unregulated cryptocurrencies and the like. Brave new world indeed. The overall market was much stronger than the Dow with the usual new all time highs set. Still short term overbought and staying that way. Not sure how long this will last but probably longer than you think. Gold was down $15 on the futures but came off of the lows. The US dollar was a bit lower and interest rates had a slight rise. The XAU was up 1 1/2, while GDX gained 1/3. Volume was about average. The gold shares are back to outperforming the metal itself and that is bullish in my book. I adjusted up the price I'll pay on my open order for the GDX January calls but it still wasn't filled. Might have missed this trade again but we'll see how things go tomorrow. The potential inverse head and shoulders pattern on the daily GDX chart is still in place. I may just buy the calls ahead of the employment numbers but we'll see. Mentally I'm feeling OK. The VIX was lower and the short term technical indicators here have rolled back over. This implies a continuing rally for stocks. And who's to argue with that? There's no overhead resistance and no sellers to be found. We'll go along for the ride but we are starting to move straight up and that always ends with a corresponding drop. But we can only guess when that would happen. Asia was lower and Europe mixed overnight. We'll see how it goes tomorrow ahead of Fridays jobs report.