Today the Dow led things higher as the most watched index gained 664 points on heavy volume. The advance/declines were 4 to 1 positive. Ths summation index has now turned back up. We'll see if it can keep it going. The S&P 500 had another good day and is approaching its short term down trend line that comes in a bit above 6800. What happens there will tell us what we need to know. A break above will continue the rally and it will be on to test the all time high. If it can't get through there, then we'll see some more selling. The short term indicators for the S&P are still moving up with room to go. I'm inclined to try the SPY Decmeber puts if it stalls at the down trend line but only for the short term. Gold was up $35 on the futures. The US dollar dropped along with interest rates. The XAU rose a couple points and GDX dipped 1/8. Volume was light. The short term indicators for GDX are beginning to stall. GDX is up against its short term down trend line. No gold share trades in mind at the moment. Mentally I'm feeling OK. The VIX was lower today which fits with an up market. It is now below the 20 level and at its 50 day moving average. The short term indicators here are moving down and are not yet oversold. A break below the 50 day moving average would be bullish for stocks. The VIX is close to its short term up trend line and if it could get through it that would be another positive for the market. One more trading day before a long weekend for most in the US. Europe and Asia were generally higher overnight. I'll keep an eye on tonights developments.