We didn't get any follow through to yesterdays nice gains as the Dow fell 59 points on average volume.  The advance/declines were about even.  The summation index is moving sideways again.  We opened lower and stayed there for much of the session.  The overbought technical conditions remain and I'm still looking for new all time closing highs in the coming days for the NASDAQ and the S&P.  Maybe the Dow too as we are attacking overhead resistance for the third time.  Earnings are still rolling out and we'll get the first look at the 1st quarter GDP on Friday.  GE was flat on light volume.  Gold was up about $5 on the futures and the US dollar was higher as well.  The XAU and GDX had fractional gains on good volume.  So GDX has held here for now where it had to.  Whether or not it holds up here is still in doubt.  My GDX May calls are still in the red as the entry on the trade wasn't any good.  Yesterday or today were the prime entry points.  Mentally I'm feeling OK.  RUT was up today along with the TRAN and that's positive.  I don't see any worry here with the exception of the overbought condition that has persisted for weeks now.  Volume is beginning to pick up now as we move higher and that's a plus.  There's a lot of time left on the May option cycle so I don't anticipate any SPY trades until next week at the earliest.  I'll concentrate on the GDX calls for now.  This trade may work out if the support here holds.  Asia was mixed with Europe lower with the exception of the DAX.  We'll keep an eye on the overnight developments.