Kind of a mundane Monday as the Dow rose 114 points on heavy volume. The advance/declines were positive. The summation index is still trying to move higher. We opened with a gap higher and it was a sideways affair after that. Waiting on inflation data due out on Wednesday and Thursday. The NASDAQ led the way higher today and closed at a new all time high. The S&P 500 was slightly up today with most of its short term indicators still on the overbought side of the ledger. My open order for the SPY September puts remains out there but I might be adjusting it tonight. I am still looking for a big move one way or the other due to the contracting Bollinger bands on the S&P daily chart. Gold was up another $23 today. The US dollar was lower along with interest rates. The XAU added almost five points and GDX was higher by 7/8. Volume was a bit above average. GDX is overextended on the daily chart any way that you look at it. Not sure exactly how much longer this can go on but it's usually longer than you think. Enjoy the ride because these kind of moves usually don't end well. Mentally I'm feeling OK. The VIX was down ever so slightly today. Still on the oversold side of things here but not completely. I'm still not sure what's next for the VIX. Both Asia and Europe started the week on the positive side. I'll keep an eye on tonights headlines.