The market exploded to the upside today as the Dow roared ahead by 1201 points on heavy volume. Yes, twelve hundred points higher in a single session. We are more used to big point days like this going lower. The advance/declines were 8 to 1 positive. The summation index continues to move up. The inflation data came in a bit lighter than expected and we had had a gap higher at the open. The NASDAQ was the leader today and was up over 7%. There's a potential double bottom there now on the daily chart. A break above 11250 on good volume would confirm the pattern. Perhaps it will happen tomorrow. The S&P 500 up trend line remains intact and the short term indicators there have now turned back up with some room to run. One economic report doesn't normally lead to such extreme price movement. However this is why we are reminded that markets go where they want, whenever they want. In either direction. We'll be looking for higher stock prices going forward. Gold was up around $40 today as the rally here continued. The US dollar was lower and interest rates dropped. The XAU gained 7 3/8, while GDX added almost 2 points. Volume was heavy to the upside. GDX is short term overbought. My GDX November calls are showing great profits at the moment. Although there are still six days left in the November option cycle I am seriously considering taking the profit tomorrow ahead of the weekend. There is more room to go higher according to the measuring objective of the inverse head and shoulders pattern. But GDX has been moving practically straight up for about a week now. I don't want to be too greedy. Mentally I'm feeling a bit tired. The VIX had a huge drop today with the big gain in stocks. Althought short term oversold, the indicators there have turned lower in oversold territory. The VIX seems to be saying that the rally in stocks has legs. I would expect to see some follow through to the upside in the market tomorrow. We'll see. Asia was lower and Europe higher in last nights trade. We'll keep an eye on the overnight headlines.