Mixed would be a good way to describe todays price action but the Dow soared and set a new all time high. The most watched index gained 646 points on heavy volume. The advance/declines were around 2 to 1 positive. The summation index is heading higher. The S&P 500 closed at a new all time high while the NASDAQ posted a loss. We would rather see the over the counter market lead the way here but once again we cannot argue with price. The S&P remains short term overbought. We now favor getting the SPY December calls on weakness despite the overbought condition. Our original prognosis of new all time highs for the S&P is at hand. Once we get through there the overhead resistance will be gone. Might already be too late if we simply continue higher from here. Gold jumped $78 on the futures. The US dollar was lower along with interest rates. The XAU climbed 14 3/4, while GDX added 3 points. Volume was good to the upside as GDX closed at a new 52 week high. My thesis of a potential double top on the GDX daily chart has been negated. Short term overbought there on the indicators but not completely so. Looks like another trade missed in the GDX options again for us. Mentally I'm feeling OK. The VIX was lower and closed below 15. Short term oversold there still and staying that way. The VIX seems to be saying that the party will go on. Waiting on next weeks economic data in addition to options expiration. Still looking for a signal to take on the next trade. Perhaps next week. Europe was higher and Asia was lower with the exception of India. We'll see what Friday has to offer.