The market was back to the upside today as the Dow gained 332 points on good volume. The advance/declines were better than 3 to 1 positive. The summation index is trying to break to the upside out of its sideways channel. The NASDAQ was the leader today and that's a plus. Perhaps the market knows something we don't as it was a pretty good day ahead of the jobs data. The short term indicators for the S&P 500 are still mid-range though. The S&P is also still below the near term resistance. But it was a decent day overall for stocks after yesterdays volatility. Gold was up a few bucks on the futures. Both the US dollar and interest rates were lower. The XAU and GDX had slight fractional rises on average volume. My open order for the GDX May calls remains out there. The Bollinger bands on the daily chart for GDX are contracting so some kind of sustained move is coming there. I'll hopefully be on the right side of things when it does occur. Could go either way at this point. Mentally I'm feeling a bit tired. The VIX was lower today and that fits with todays market rise. Back below the 50 and 200 day moving averages here. Still mostly short term oversold on the indicators. Tomorrow could say a lot about where stocks are headed for the rest of the May option cycle. Both Europe and Asia were mixed overnight. We'll see the reaction to the employment report and close out the trading week tomorrow.