A huge rally today on the heels of the US elections as the Dow soared 1569 on very heavy volume. The advance/declines were 3 to 1 positive. The summation index is moving up. There was a big gap higher at the open and stocks held most of their gains. The Dow led things higher. Both the NASDAQ and S&P 500 were up 1 1/2%. The short term indicators for the S&P are now moving up with room to go. It feels like this will be more than just a one day pop but we'll have to see how things move going forward. Next up is the jobs report on Friday. Gold rallied as well with the futures up $130. The US dollar was lower and so were interest rates. The XAU climbed 26 points and GDX jumped 7. Volume was heavy to the upside. The short term indicators on GDX are moving up with room to go as well. The near term down trend line on the GDX daily chart comes in at 86. A solid break above that trend line would bode well for the gold shares going forward. Hasn't happened yet. My GDX November calls remain losers but now there is a chance that this trade will work. However we all know that things came turn on a dime in this game, so I wouldn't be so sure that profits will happen on this idea. But now there is at least a chance to get out alive. Mentally I'm feeling OK. The VIX sank today and its short term indicators are heading south. It is now firmly back below the 20 level. If the VIX keeps trending down the market will continue to rally. We'll see. Today was one of the better days for the stock market as the rally was broad based. Will things keep moving forward? This question will be answered in the coming days. We are starting a seasonally positive period for stocks though. Europe and Asia were higher with the exception of Japan. We'll see what tomorrow brings.