Hanging around today and it was a mixed picture. The Dow gained 328 points on heavy volume to close at a new all time high. The advance/declines were slightly positive. The summation index is still trending upwards. Both the NASDAQ and S&P 500 posted losses. The NASDAQ led the way down which isn't a bullish picture. We did get a signal last night from the McClellan oscillator for a big move within the next two sessions. Today would qualify for the NASDAQ. The short term indicators for the S&P are beginning to stall. I did not try the SPY June puts today. The S&P only had a small rally early on before trending lower for the rest of the day. However if you purchased the puts early on you would have had a tidy profit by the days end. But the short term trades are usually not my best efforts. The market will greet the new Fed chairman tomorrow and that should get things going one way or the other. But there are only two days left in the June option cycle so we will move on to July. Gold had only a slight gain today. The US dollar was a bit lower as were interest rates. The XAU was up 7 1/2 and GDX added a couple points. Volume was average. The gold shares continue to outperform the metal itself and that is a plus for the gold bulls. The short term indicators for GDX are still moving higher. We are waiting for some kind of pullback in GDX in order to try the July calls there. That looks to be the next trade unless we get a solid signal for the SPY options. Mentally I'm feeling OK. The VIX was up slightly today which fits with and overall down market. Its short term indicators are beginning to stall. Not sure what's coming next here for the VIX. Asia was mixed and Europe higher last night. We'll see what tomorrow brings.