Powering higher as the Dow gained 337 points on heavy volume. The advance/declines were positive. The summation index is moving up. New all time highs all around again as news of a thaw in the US/China trade talks sparked a rally. The NASDAQ led the way up and that's a plus. The major indices have broken out and there is no overhead resistance. The S&P 500 is short term overbought but can stay that way during rallies. We will enjoy the ride for now. Gold lost $135 on the futures. The US dollar was a bit lower and interest rates finished generally flat. The XAU fell 11 points, while GDX slid almost 3. Volume was pretty heavy to the downside. Once again traders are heading to the exits here. The gold shares did finish up from their lows on the session. But GDX has lost at one time today 20% of its value since hitting a high a week and half ago. The end of the parabolic rise is never pretty. Mentally I'm feeling OK. The VIX was lower today and is short term oversold. Nothing here says that the rally in stocks has to end as the VIX can stay oversold for extended periods of time. We will bide our time for now and wait for the next signal. The Fed on Wednesday and the US/China trade meeting on Thursday should be the next excuses for market movement. Asia and Europe began the week on a positive note. We'll keep an eye on any overnight developments.