A mixed bag today as the Dow was higher but the S&P 500 along with the NASDAQ finished in the red. The Dow gained 262 points on very heavy volume. The advance/declines were 2 to 1 positive. The summation index is heading higher. The S&P remains short term overbought. The short term technical indicators for the NASDAQ have rolled over. The overall market spent much of the day trading lower in a sideways range. The exception was the Dow. GE was up 1/4 and the volume was heavy. Gold had a decent bounce as the futures were up around $20. The US dollar finished little changed. The bounce in gold did not help the gold shares. The XAU fell 4 1/2, while GDX shed 1 1/3. Volume was average. Probably should have sold my GDX November calls today as a rise in gold without a rise in the gold stocks is bearish. This trade is a solid loser. I might try this idea again though when we get completely oversold. Not there yet. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. Yesterdays VIX action implied lower prices in the near term. Both the NASDAQ and S&P were lower today. I would expect to see some more near term weakness though. I could be wrong. Still eight days left in the November option cycle. So there is plenty of time for another trade before expiration out there somewhere. Europe and Asia continued higher overnight. We'll keep an eye on the ongoing developments.