The Dow gained 92 points today on pretty good volume. As often happens, the day after expiration does the opposite of the expiration itself. Advance/declines were negative though and that isn't a good sign for the bullish case. The OEX options are expensive with the new cycle beginning but I would expect to see weakness in the markets at some point this week and tomorrow wouldn't surprise me. Gold lost 3 bucks and the XAU was about unchanged. ABX didn't do much but it refuses to go down at this point. It is way overbought. NEM had some bad quotes today, a vendor problem I'm guessing. Perhaps it will sort itself out overnight. The gold shares really need to take a rest but the money keeps flowing into them. We'll see what happens. GE was up again today on good volume. This issue also is overbought especially on a weekly basis. I'm looking at the puts for August. Perhaps should have bought them today. Mentally it's a bit of a challenge at this point. There aren't really any clear signals with the exception of the summation index which is pointing down. I'm inclined to go with that but the money inflows continue. There's no hurry to do anything but you can't be sure. It is a time to be perhaps a bit more cautious. Preservation of capital must always remain at the forefront. There will be better signals down the road as there always are. We shall see.