Stock market continued higher today as the Dow soared 492 points on good volume. The advance/declines were better than 3 to 1 positive. The summation index is turning around before the zero line. That is significant as it implies that the worst is over for now. The market is doing what it has to to fend off a collapse. The NASDAQ was the leader today and that is a plus. There was no news to use as an excuse for the rally. The market is moving on its own as it always does. Many indices had a gap up at the open. I'm still considering the SPY December puts ahead of the inflation report on Friday but we'd have to continue higher for the next couple of sessions. At this rate it's possible. Gold was up a few bucks today. The US dollar finished little changed and interest rates continued to move up. The XAU was up 1 1/3, while GDX added almsot 1/4. Volume was very light as there is really no interest to own the gold shares here. My GDX January calls lost more ground today despite the slight gain and that is a negative. Premium was being taken out of these options as they are out of the money and the underlying asset is going nowhere fast. Mentally I'm feeling OK. The VIX dropped again today but still remains above the inportant level of 20. Another day like today would take care of that. Not sure what to think here as the VIX still remains above both the 50 and 200 day moving averages. We'll just have to wait and see what happens from here. It does however seem like the recent decline has ended. Will we now be heading on to new all time highs? The S&P 500 is almost there. Europe and Asia had huge rallies overnight. It seems like we've gone from fear to greed in record time. We'll see what tomorrow brings.