Since last update the market has climbed quietly and on low volume, the short term trend is definitely up and we are forming higher lows and higher highs. Dow Jones is almost at 2011 high meaning Dow Jones is currently stronger than SP-500. Nasdaq has put in a decent rally in the last 2-3 weeks which has resulted in Relative Strength improving against SP-500. This suggests that the smart money is gaining confidence in growth stocks and the market is improving but we are still not seeing the same bullish market we called in summer 2010. Keep an eye on target and stops. Do not give too much profit back in case the market sells off but if you have to trade then the short term trend is up and that should not be ignored. Gold (GLD) still looks good. The sell off never broke the uptrend and price has come back to test what was resistance is now support. Price needs to close above 50 MA and down sloping trend line. If this happens then the trend can resume and perhaps put in another nice leg up. Silver (SLV) has bounced at support after several tests. The price first broke down the sloping trend line and then today Friday broke the 50 MA that has acted as resistance twice. Silver might set up a nice move in the coming months.