Back to the upside today as the Dow gained 435 points on average volume. The advance/declines were 3 to 1 positive. The summation index is moving up. The NASDAQ led the way and that's a plus. Short term overbought and staying that way for the S&P 500. It appears that the next stop for the S&P will be the next down trend line and 50 day moving average at roughly 4250. Recently the McClellan oscillator hit a reading above the +300 level which is usually the sign of the beginning of an extended rally. We are in that mode now. We also had other extreme negative readings on some indicators at the last low put in a couple of weeks ago that suggests that perhaps the bottom for the decline that began in January is in. I'm still believing that we'll see lower prices later this summer but the market could prove me wrong. Gold was up $25 on the futures. The US dollar dropped and interest rates remained steady. The XAU jumped seven points, while GDX added over 1 1/3. Volume was average. It appears that the gold shares are following the stock market higher now. Mentally I'm feeling OK. The VIX continues to drop and is sitting at trend line resistance that began in April. Another day like today will take the resistance out. Short term overbought on the VIX as well. It certainly has the feel that it will continue lower and stocks continue higher. Perhaps the employment numbers won't matter but we'll wait and see on that. Asia was generally lower and Europe mixed overnight. We'll see how the short trading week finishes tomorrow.