More buying today as the Dow gained 353 points on heavy volume. The advance/declines were 4 to 1 positive. The summation index is attempting to turn around here at the zero line. I think that it will be successful. I did place an order for some SPY March calls overnight but it wasn't filled. Weakness can be bought now in my view. Stocks got blown out to the downside and this expiration week should be positive. The short term indicators for the S&P have turned back up although still on the oversold side of things. A retest of the recent lows should be successful. If not then we would expect a complete unraveling of things. However I don't expect that this time around. The short term down trend line here comes in at 575 which is also about where the 200 day moving averge is. I'm pretty sure that getting some index calls this week should be profitable. We'll see. Gold was up $7 as the futures are above $3000. The US dollar was lower and interest rates finished flat. The XAU was up 4 3/4, while GDX climbed almost a point. Volume was light. GDX is short term overbought and staying there. Gold and the gold shares continue to attract capital and that cannot be ignored. Mentally I'm feeling OK. The VIX was lower again today but is still above the level of 20. The short term indicators here are heading lower. My goal for the week is to buy some SPY March calls on weakness within the next couple of sessions. It will be a short term trade which isn't my strong suit. The Fed on Wednesday is the main event for now. Europe and Asia were higher to start the week. We'll see how it goes tomorrow.