Back to the upside as the Dow gained 144 points on heavy volume. The advance/declines were positive. The summation index is still trying to get going to the upside. The NASDAQ led the way higher and that's a plus for the bulls. The S&P 500 appears to be back on its way to short term overbought but is not there yet. Tomorrows reaction to the inflation data should set the stage for where the market is headed next. My guess is that we'll be heading to new all time highs for the S&P. Gold was up $67 on the futures. The US dollar finished flat again and interest rates rose. The XAU was up 2 3/8, while GDX added 7/8. Volume was a bit above average. The short term indicators for GDX remain oversold but not completely so. The 50 day moving average here has held the decline for now. Mentally I'm feeling OK. The VIX was lower today and continues to be short term oversold. The daily candlestcik chart here looks like it wants to go lower which be be a boost for stocks. We'll see. Todays market action was a decent rebound from yesterdays losses but we are really just waiting for tomorrow. Europe and Asia finished higher last night with the exception of Japan. We'll see how it goes with the inflation report tomorrow.