BROAD MARKET DISTRIBUTION DAY

Wednesday's session marked a distribution day for the NYSE indexes. That result ran the count to three distribution days for the Dow, S&P 500 and NYSE composite since the market followed through on a new rally SINCE 7/29/08 follow thru rally. Short tern I remain bullish for ndx and S&p for tomorrow. I had a nice 24 hr trade on GDX options today making 99%. I still look for gold to test $750.