We got a much needed bounce today as the Dow gained 65 points on heavy volume. The advance/declines were positive. The summation index is trying to turn back up. Inflation data came in lighter than expected. The NASDAQ led things higher and that is a plus for the bulls. The S&P 500 had a decent gain as well and closed back above its 50 day moving average. The short term indicators here are trying to move back up. I am staying on the sidelines with regards to the SPY options for now. Gold was off $7 on the futures. The US dollar was a bit higher and interest rates dropped. The XAU and GDX both ended the day little changed. The short term indicators for GDX are moving sideways. Not sure what to expect for the gold shares next. Mentally I'm feeling OK. The VIX was lower today and that fits an up market. The short term indicators here are mid-range. Looks like it could go either way from here. Option expiration Friday on tap so things could get volatile. It is also the last day before a holiday week. Asia was mixed and Europe higher overnight. We'll close out the week tomorrow.