Positive to begin the trading week as the Dow gained 103 points on average volume. The advance /declines were positive. The summation index is moving up. The NASDAQ had a good day and led the way higher. That's a plus for the bulls. The S&P 500 had a decent day as well and remains short term overbought. Not a lot of data out this week. We'll get the Fed minutes on Wednesday and that seems to be most interesting report at this point. We'll see if today was the beginning of another leg up as the week goes on. Gold added $10 on the futures. The US dollar was higher and interest rates were generally steady. The XAU was off almost a point, while GDX shed 1/3. Volume was light. I'm still interested in the GDX calls but it remains short term overbought. Any selling in the gold shares does attract buying though. Mentally I'm feeling OK. The VIX was lower and broke the support line that had been in effect since November. This indicator is saying higher prices are coming despite the extended short term oversold condition in the VIX. If this is true perhaps we are going back to set new all time highs. It has been quite a turnaround for the stock market and right now the technical indicators are saying we're going higher. Europe and Asia were higher to start the week. We'll keep an eye on the overnight developments.