Some upside for a change as the Dow gained 485 points on heavy volume. The advance/declines were 2 to 1 positive. The summation index continues lower. The NASDAQ led the way and that's a plus. The short term indicators for the S$P 500 remain oversold. The game plan for now is to see if the S&P can make it back to the down trend line at around 5925. That would be the spot to try the SPY March puts if we still want to go that way. The 200 day moving average on the S&P has held the decline so far. There is also the possibility that the decline has ended because a lot of the indicators are blown out to the downside. The trading is never easy. We'll see what things look like if and when we make it back to short term down trend line. Gold was up $11 on the futures. The US dollar had a huge drop and interest rates were higher. The gold shares outperformed the metal as the XAU jumped 6 2/3, while GDX was up 1 3/8. Volume was slightly below average. The short term indicators for GDX are moving higher. Another missed trade here as I placed the orders for the GDX March calls recently but none were filled. My lack of making the proper adjustments was the main factor. Mentally I'm feeling frustrated as markets are moving and we are not taking advantage of it. The ideas have been relevant but the lack of correct trading tactics has kept us from meeting trading objectives. The VIX was lower today and the short term indicators have turned down. This implies that we should see higher stock prices but in this market, who knows? The daily candlestick chart also appears to have put in a short term top at the least. Still above the 20 level though. We'll see. Jobs data on Friday is looming. Asia and Europe were higher overnight. I'll keep an eye on the overnight headlines.