Back to the upside as the Dow gained 185 points on good volume. The advance/declines were slightly negative. The summation index is moving up. The NASDAQ led the way and that is a plus for the bulls. We've been going sideways for a few days now at roughly between 6800 and 6850 on the S&P 500. Whichever way it breaks will give us the near term trend. The S&P remains short term overbought. Gold was off $32 on the futures. The US dollar finished little changed again along with interest rates. The XAU lost 5 3/8, while GDX dropped 1 1/3. Volume was a bit above average. GDX is still short term overbought but the indicators have rolled over. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. If we can keep the VIX moving sideways before Friday we might try the SPY December puts. However at the moment we are lacking any definitive, clear technical signal when it comes to the SPY index. Trying to remain patient for now. Asia and Europe were mixed overnight. We'll see how things go tomorrow.