A little bounce back in the overall market to begin the week but the Dow fell 55 points on average volume. The advance/declines were positive. The summation index is still heading lower. The NASDAQ outperformed today. The S&P had a slight gain. The short term indicators for the S&P 500 are beginning to stall at mid-range. So things could go either way from here. My guess is that we will start to move back up from here. It is a light week for economic data. The earnings highlight will be NVDA after the bell on Wednesday. Option premiums are high with an extra week in the December cycle. I'm on the sidelines until further notice. Gold jumped $44 on the futures today. The US dollar was lower and interst rates ened the day flat. The XAU gained 6 points, while GDX added 1 1/2. Volume was good to the upside. The short term indicators for GDX have turned back up but it remains oversold. Not sure if today was just an oversold bounce or the beginning of something sustained to the upside. I'm inclined to think that it is the former. Still below the short term down trend line on GDX. Another day like today would get us through there though. Mentally I'm feeling OK. The VIX was lower today and is back below the 200 day moving average. The short term indicators remain oversold. My idea is that the VIX goes lower from here and stocks resume their up trend. We'll see. Asia was generally higher and Europe mixed to begin the week. I'll keep an eye on the overnight headlines.