Marching up to new all time highs as the Dow climbed 472 points on heavy volume. The advance/declines were positive. The summation index is moving higher. Inflation data came in a touch lower than expected and there was a gap higher at the open. The market never looked back but had a drift lower in the final hour. New all time highs were reached by the Dow, NASDAQ and S&P 500. The S&P is still not completely short term overbought yet. There is no overhead resistance. I suspect that we will see higher prices from here in the near term. Gold was off $24 on the futures. The US dollar finished little changed again after being lower early on. Interest rates ended the day flat as well. The XAU fell 2 3/8, while GDX lost a point. Volume was a bit above average. GDX remains short term oversold on some of its indicators but not all. Mentally I'm feeling OK. The VIX was lower today which fits an up market. It is now short term oversold and closed below its 50 day moving average. The VIX still implies more near term gains for stocks. We are waiting for the next decent technical signal before taking on the next trade. There will be plenty of noise next week with a Fed meeting and a US/China get together. Headline risk will rise. I'll be going over the charts this weekend to try and come up with a game plan going forward. It's Friday afternoon and time for a break.