Some follow through to yesterdays huge gains as the Dow added 158 points on very heavy volume. The advance/declines were around 4 to 1 positive. The summation index is moving up. The Dow is leading here and set a new all time high yesterday. That isn't the most bullish scenario but we expect the other major averages to set new all time highs in the coming weeks. The S&P 500 remains short term overbought to an extreme at this point. Pretty far removed from its 50 day moving average. Moving back up in a straight line again as well. Overdue for some type of decline but so far in this rally all we get is sideways consolidation. You cannot argue with price though so we'll just have to see how far it goes. The heavy volume in the past two sessions is another plus. Gold was up $54 on the futures. The US dollar continues to drop along with interest rates. The XAU was up 3 1/4, while GDX gained 5/8. Volume was heavy again to the upside for the gold shares although they did finish off of the best levels on the session. We still like the GDX January call idea and will look to purchase some on weakness. Obviously we've missed the ideal time to try this idea but I still believe that there is money to be made. I could be wrong. 5 weeks in the January option cycle so there will be plenty of time for this trade idea to work. Mentally I'm feeling OK. The VIX was up slightly today and continues to be short term oversold. It also touched its lower Bollinger band for the third day in a row. The low level here continues to support gains in the stock market for now. It's a bull market and we're on a bull run. Europe and Asia were mixed overnight. We'll see how the week finishes with expiration Friday tomorrow.