The stock market exploded to the upside today as the Dow climbed 456 points on average volume. The advance/declines were positive. The summation index remains in a sideways pattern. NVDA came out with a better than expected earnings report and guidance after the bell. The result was buying upon buying today along with short covering. The NASDAQ led the way up roughly 3% on the day. The S&P 500 hit a new all time high along with the Dow. The NASDAQ is just about there. To me it is getting a bit out of control but that doesn't mean that we won't move higher. I'm still looking at the negative RSI divergence on the S&P daily chart but upside follow through tomorrow may take care of that. However when one stock can set off a rally like this it is a cause for concern. The breadth today was nothing to write home about either. You cannot argue with price though. Gold finished flat on the session. The US dollar ended flat as well and interest rates ticked up. The gold shares did not go along with the overall market today as the XAU shed 2 1/4 and GDX lost 2/3. Volume was good to the downside. Newmont set a new 52 week low as there is no love for gold stocks at the moment. My open order for the GDX March calls wasn't filled and I adjusted it lower. I'm not sure if this is still the right idea for now. I'm considering going out to the April option cycle but we'll see what happens tomorrow. Mentally I'm feeling OK. The VIX was lower today and that fits the rally. The short term indicators have rolled over with room to go. This implies yet even higher stock prices going forward. Asia and Europe were higher as it appears there's a worldwide run into equities. Not sure where all the money is coming from but the bulls are clearly in charge. We'll close out the trading week tomorrow.