Volatility returned for a day as the Fed speak created some market gyrations. However when it was all said and done the Dow climbed 265 points on average volume. The advance/declines were positive. The summation index is beginning to move sideways. A hawkish Chairman Powell sent stocks into a swoon mid day but buyers again appeared and drove prices higher for the rest of the session. Once again the NASDAQ led the way up just like it led the way down last year. But it's this year and as long as the over the counter issues are in the lead going higher there is plenty of liquidity for now. The S&P 500 had a good day and it appears that the next stop is 4200. It does remain short term overbought but that's not an issue during rallies. There seems to be plenty of bears around and that is a plus for the bullish cause. Not to mention that today the market shrugged off Powells remarks and zoomed higher. Again, it's the opposite of last year. Declines can be purchased for now. Gold was up a few bucks on the futures. The US dollar was a bit lower and interest rates ticked up. The XAU rose 1 1/2, while GDX gained 3/8. Volume was average. GDX is still holding at its 50 day moving average. We may consider the February calls there if they get cheaper. Mentally feeling OK but still on medication for now. No rush to trade as health is certainly more important. The VIX was lower, remains below 20 and the short term indicators are turning back down. It seems to continue to say that higher stock prices are coming. The Bollinger bands here are converging which implies that a big move is in the near future. Could it be a blast to the upside? Not sure but we'll certainly keep our eyes open. Europe and Asia finished mixed. We'll see if we get some upside follow through tomorrow.