A mixed bag today as the Dow added 141 points on very heavy volume. The advance/declines were positive. The summation index is moving sideways. The Dow was the outperformer as the S&P 500 was only slightly higher and the NASDAQ had a tiny loss. Remaining short term overbought for the S&P on most of the indicators. Todays abnormally high volume might suggest that traders got their business done today to take advantage of the long weekend. If that's the case tomorrow should be pretty quiet. But we'll see. The S&P 500 is either in a stall before heading to new all time highs or forming some kind of double top. Time will tell. GE was up almost a buck on very heavy volume. Some good news on the jet engine orders was the catalyst there. The contracting Bollinger bands proved correct with the move being to the upside. Gold was up a buck and the US dollar finished little changed. Interest rates were higher today. The XAU and GDX had slight fractional losses on light volume. I did place an open order for the GDX June calls and I'm leaving it out there. It will take a drop in GDX to get filled. At the rate things are going here, GDX isn't going to make it back to the break out point at 38. The sideways movement is either a consolidation before it moves higher or a distribution before it takes a drop. My thinking is that it's the former. Mentally I'm feeling OK. The VIX has continued lower and now is short term oversold. My guess for now would be that the rally for stocks continues from here since the VIX just recently had a strong upside move in the beginning of the month. The VIX can stay oversold for a while at times. We'll see if this is one of those times. Asia was lower and Europe mixed last night. We'll close out the trading week and month before a holiday weekend tomorrow.