The Dow led the way higher today as it was up 341 points on average volume. The advance/declines were slightly positive. The summation index continues lower. It was a one day reversal to the upside for stocks as we opened lower and finished higher. The S&P 500 remains short term oversold. It did hold its 200 day moving average today. Still feels like a waiting game here. Gold was off $3 on the futures. The US dollar was higher along with interest rates. The XAU and GDX basically finished flat on the session. The volume was very light. The short term indicators for the gold shares have turned back up. For some reason I'm still holding on to the GDX March calls. They are showing a very small profit. Not sure what I'll do with them from here. Mentally I'm feeling a bit tired. The VIX was lower today and that fits the turnaround that we saw in stocks today. It closed below its 50 day moving average and the important 20 level. It does imply higher stock prices going forward but we'll have to see about that. Asia was lower and Europe higher overnight. We'll see if the market has any upside follow through as we close out the trading week tomorrow.