Buyers remain in charge as the Dow inched up 20 points on average volume. The advance/declines were slightly positive. The summation index continues higher. The overall market was much higher than the Dow with the NASDAQ continuing to lead the way. The S&P 500 closed above the daily down trend line that came in at 5500. This would be a logical spot for stocks to take a rest. But with the summation index in high gear we are probably going to make it to the 50 day moving average on the S&P. Some of the short term indicators for the S&P are now overbought. I still have my open order out there for the SPY May puts. I think at some point next week I'll be buying some of those puts. Plenty of time left in the May option cycle. Gold was off $30 on the futures. The US dollar was a bit higher and interest rates a bit lower. The XAU dipped 3 1/3, while GDX was down about a buck. Volume was average. The short term indicators on GDX are now trending sideways. Staying patient with regards to purchasing some GDX calls for now. Mentally I'm feeling OK. The VIX was lower today and closed on its 50 day moving average. It is now short term oversold. In my view things are pointing in the direction to try the SPY puts next week at some time. Trying to figure out where that point may be is the question. I'll be going over all the charts this weekend to try and figure out the answer. Europe and Asia finished Friday higher with the exception of India. It's Friday afternoon and time for a break.