Bouncing back to the upside as the Dow climbed 477 points on average volume. The advance/declines were better than 4 to 1 positive. The summation index is trying to turn back up. Another day like today would do it. The Dow was the leader and that isn't the most bullish scenario going forward. The S&P 500 remains short term overbought and closed at another new all time high. The market took off to the upside in the final hour. We've got the end of the month coming up tomorrow before a long holiday weekend. After todays price action you have to figure that we'll keep on moving up. But we'll see. I am going to remain on the sidelines with regards to the SPY options for now. Gold was up $14 on the futures. The US dollar finished flat and interest rates were lower. The gold shares followed the overall market higher. The XAU jumped 4 1/4, while GDX added 1 1/8. Volume was good. I canceled my open order for the GDX April calls as the gold shares are now moving up and my order did not have a chance to be filled. We are now on the cusp of breaking the longer term resistance at 31.25 on GDX. This is a move that I will chase if we get through there because the implications for higher gold share prices would be clear. But we haven't gotten through yet. Perhaps yesterday was the day to try those options but hindsight is usually correct. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. The daily chart here looks like it can go lower which would mean that the rally continues. Europe finished higher and Asia was mixed overnight. We'll close out the week tomorrow.