Friday saw a great rally with options expiration. Volume was as expected now comes the hard part of following through this week as it will be short week due to Thanksgiving. The bloggers are mostly calling for a bounce up and I see nothing more. If we can get into the the price range on 11/13 for the SPY at $82.09 then we may see action up to $90 which would be a 10-12% move. If we get up into the $90 price on SPY I would go short again with SDS.

Gold was the big play on Friday going up $43. Below is a chart of the GLD ETF. All the miners were up big like AEM, GG, HMY, GOLD, IAG, ASA, RGLD. I think gold will run up to $810- 850 then pull back to around $760.