The employment report was a bit weaker than expected and stocks took off to the upside as the Dow gained 450 points on average volume. The advance/declines were 3 to 1 positive. The summation index is now moving up. Once again the NASDAQ led the way higher and that's bullish. The S&P 500 closed just below its 50 day moving average but it did break above the short term down trend line. The short term indicators here are moving up with room to go. It appears that the decline has ended. Gold finished flat on the session. The US dollar was lower along with interest rates. The XAU and GDX had fractional moves one way or the other on average volume. There doesn't seem to as much interest in the gold shares as we've seen lately. The short term indicators for GDX are still hanging around the mid-range level. I adjusted down my order for the GDX May calls with only two weeks left in the May option cycle. It's possible that GDX will simply trend sideways for a while which would not be a help to any option trades. I'll reconsider what to do here over the weekend. Mentally I'm feeling OK. The VIX was lower today and remains short term overbought. This bodes well for stocks going forward as the VIX can stay oversold for weeks during up swings. That appears to be what we are going to have happen from here on the VIX. We'll check the charts over the weekend for clues as to what to do next week. Europe was higher and Asia mixed to close out the week. It's Friday afternoon and time for a break.