It was a one day upside reversal for most of the major indices including the Dow. The most watched index gained 137 points on light volume. The advance/declines were negative. The summation index is moving up. We had a huge gap lower to begin the day but then climbed back out of it over the rest of the session. Buyers and liquidity don't seem to be a problem at the moment. The S&P 500 had a sharp turn around as well. It remains short term overbought. Not sure how much longer the overbought condtion can go on. It has been over-extended for a while already. We cannot argue with price though. Gold was up $47 dollars on the futures. The US dollar was lower and interest rates finished mixed. The XAU was up 3 1/2, while GDX gained a point. Volume was average. I did place an order overnight for the GDX June calls. GDX would have to see a drop down to the 44 level for this order to have a chance at being filled. I'm leaving the order out there but it's possible that I'm too late here as the short term indicators for GDX have already started to turn higher. Mentally I'm feeling OK. The VIX was higher today but off of the best levels for the session. It still remains short term oversold. I don't have a good idea of what's next for this indicator. Earnings season is winding down and there's not a lot of econmic data due out this week. Could be a time for watching and waiting. Europe was generally higher and Asia lower to start the trading week. We'll see how things go tomorrow.