Continuing higher as the Dow gained 276 points on good volume. The advance/declines were around 2 to 1 positive. The summation index is moving up. Inflation data came in where expected. The NASDAQ led the way today and that's a plus for the bulls. The S&P 500 had a decent gain. Some of the short term indicators there are now overbought. The short term sell signal that we received from one of our indicators isn't working. That tells us something as well. The market is acting strongly here and any selling that we do see should be short lived. It appears that now declines can be bought. Gold was up $16 on the futures. The US dollar was lower and interest rates finished flat. The XAU and GDX ended the session little changed on light volume. GDX remains short term overbought on some of its indicators. The GDX April puts that I purchased yesterday are now back at break-even. We'll see if gold reacts to tomorrows inflation data and take it from there. Not sure that I want to hold this position over the weekend. Mentally I'm feeling a bit tired. The VIX continued lower today and closed below 20. Its short term indicators are now oversold. They can stay that way during rallies like the one we are in right now. It appears that the technical signs are pointing towards higher prices going forward. However we are still at the mercy of the next headline from the war in Iran. Asia and Europe were lower overnight. We'll close out the week tomorrow.