Moving higher today as the Dow was up 305 points on good volume. The advance/declines were better than 2 to 1 positive. The summation index is beginning to stall. Once again the NASDAQ was the leader. The S&P 500 had another modest gain. It has fallen back from its best levels on the day for three days in a row now. The short term indicators are moving up but slowly. I'm not sure if the S&P is going to turn higher from here or it is just stalling before a collapse. The zero line on the summation index is within striking distance. So what happens now in the next few days will be the key to where we are going. The market is still at the mercy of the next headline. Gold was up $114 on the futures. The US dollar was a bit higher and interest rates were lower. The XAU gained 8 3/4, while GDX was up 2 3/4. Volume was good to the upside. The short term indicators for GDX are moving up but are still on the oversold side of the ledger. Looks too late for the GDX calls now as we will have to change strategy. We'll now look for the GDX April puts when it gets short term overbought. We will be looking for a retest of the recent lows. All subject to change though as we wait for the gold market to provide some clues. Mentally I'm feeling OK. The VIX was lower today which fits with an up market. The short term indicators here have now drifted back lower. No conviction either way on the indicators. The longer term up trend line that began in January for the VIX is still in effect. Simply waiting on what's next for the markets as the week goes by. Looking for the next signal to trade. Options premiums remain high. Patience for now. Asia and Europe were higher as hopes for an end to the Iran conflict gains steam. We'll see how things go tomorrow.