Stocks rallied to begin the week as the Dow climbed 516 points on good volume. The advance/declines were 4 to 1 positive. The summation index is trying to move higher. The NASDAQ led the way up and that's a plus. If things conitinue at this pace we'll be at new all time highs soon. That is probably what is about to happen. The short term indicators for the S&P 500 are pointing up with room to go. Barring some unforseen negative event, we're going higher. Earnings season is upon us. Option premiums are high so we'll have to wait for now on the next trade. Gold soared $180 on the futures to a new all time high. The US dollar was slightly higher and interest rates were a bit lower. The XAU was up 8 points and GDX gained 1 2/3. Volume was good to the upside. The short term indicators for GDX are beginning to stall. The gold shares should have gotten more of a boost today with gold up as much as it was. Mentally I'm feeling OK. The VIX was lower today and the short term indicators are moving down. This is in line with what we expected for the near term. I'd expect the VIX to continue lower and stocks to hit new highs at some point this week. If we get a sell signal after that occurs we'll have to decide what action to take then. But like I've already said the option premiums are high with the November cycle having an extra week in it. So we'll have to wait and see. Asia and Europe were up to start the week. We'll keep an eye on the overnight developments.