A gap higher to start the day but it turned out to be pretty uneventful.  The Dow gained 131 points on good volume.  The advance/declines were positive.  The summation index is moving sideways.  The Dow was up twice more than the final gain during the session but drifted off in the final two hours.  We did get a signal on the McClellan oscillator last night for a big move in the next two trading sessions.  I suppose today will fulfill that.  It seems like the market is just hanging around now with the exception of the trending higher NASDAQ.  Technology shares continue to be in vogue.  I still do not have any SPY trades in mind at this time.  GE was off a couple cents and the volume was light.  Gold continues its climb as the futures rose twenty bucks on the August contract.  The US dollar was lower.  The XAU gained a couple points, while GDX added 1/2.  Volume was light.  Gold has broken out to the upside from the sideways trend channel of the past three months.  The gold shares should be taking off to the upside but so far the advance there has been muted.  GDX is now hugging the upper Bollinger band as the indicators are approaching short term overbought.  For now I've decided not to chase it here because usually it's better to have the gold shares lead the precious metal itself.  I am still a believer in the GDX calls though.  But I would prefer to start the next trade at a better technical entry point.  Mentally I'm feeling OK.  The VIX continues to hug its 50 day moving average.  I'm not getting anything clear here.  One day it looks like it will support a rally.  The next day it looks like it wants to turn back up.  Still basically mid-range on the short term technical indicators here.  I'm not seeing anything concrete as to a signal for the S&P.  Volume has begun to lessen as the summer season has started.  We'll get some economic data to decipher towards the end of the week.  Right now it's sit and wait for me.  Europe and Asia were higher in last nights trade.  We'll see what tomorrow brings.