Stocks moved higher today on the back of a US trade deal with England and the Dow rose 254 points on heavy volume. The advance/declines were around 2 to 1 positive. The summation index is moving higher. Stocks did back off from their best levels on the session with a drop in the final hour. The Dow was up 650 at one point. This has been the trend lately with late selling in the market day. It is not a positive. The S&P 500 got turned away from its 200 day moving average. It still remains short term overbought. I'm considering trying the SPY May puts again before option expiration next week but the entry timing would have to be spot on. The NASDAQ did lead the way today and that's a plus for the bulls. But it feels like this rally from the lows in April is beginning to stall. Gold dropped $79 on the futures. The US dollar was higher along with interest rates. The XAU fell 3 1/4, while GDX lost around a point. Volume was average. The short term indicators for GDX are rolling over. Not sure what comes next here. Mentally I'm feeling OK. The VIX was lower today which fits an up market. It remains short term oversold. Still above the 20 level with an up trend line in place that comes in at that point. If the VIX can make it down there before option expiration that would be the technical basis to try the SPY puts again. Not sure if that will happen but it would be one of the next set ups we're looking for. Europe was generally higher and Asia mixed overnight. We'll close out the week tomorrow.