Moving on up as the Dow gained 323 points on light volume. We had a gap at the open and continued higher from there. The advance/declines were shy of 4 to 1 positive. The summation index is now moving up. It got down to the zero line and has turned around. Expect higher stock prices until further notice. The NASDAQ remains the outperformer and that's a plus. The S&P 500 is getting short term overbought but in rallies it will stay that way. I think we're on our way back up to 4200 but we'll see. We will look to find some SPY April calls to purchase if we get some weakness. Waiting on Fridays inflation data. Gold dropped almost ten bucks on the futures. The US dollar was up and interest rates were little changed. The XAU and GDX had fractional losses on light volume. GDX remains short term overbought. My open order for the April calls is still out there. A rally in stocks could dampen the demand for haven assets. We'll keep an eye on things as usual. Mentally I'm feeling OK. The VIX dropped again today and is now solidly below the 20 level. This should also provide more evidence for a rally in equities. The VIX is now short term oversold but can stay that way during upswings. Unless we get some kind of negative headline out of the blue, we'll be looking for the rally to continue. The technical evidence leads us this way. Now it could all change with a negative surprise from the inflation numbers on Friday but I don't think so. Europe and Asia were higher last night. We'll keep an eye on tonights developments.