A pretty quiet and mixed expiration Friday as the Dow gained 123 points on average volume. The advance/declines were positive. The summation index is still trying to turn around. Early buying today was followed by a drift lower for the rest of the session. The market is still trying to make up its mind what to do here. The short term technical indicators for the S&P 500 remain mid-range as things could go either way here. We're going into the June option cycle now and the premiums are high. I'm waiting for a decent signal one way or the other. GE was up over 1/8 and the volume remains light. Gold was up a few bucks on the August contract and the US dollar was slightly higher. Rates were little changed. The XAU was off a point, while GDX shed 1/4. Volume was pretty light. We're still waiting for GDX to pull back to the breakout point of 38. Then and there we'll decide on trying the GDX June calls. Patience for now. Mentally I'm feeling OK. The VIX was a bit lower today and remains above the 20 level and right above its 200 day moving average. Movement in the VIX next week should tell us a lot about what the market is going to do. Not a lot of economic data due out next week and it's the end of the month. The 31st is a market holiday, so the long weekend effect will be on tap as well. It may not be the most exciting week of the year but the market can and often does surprise. I don't exactly have a good feel for what's going on right now and will try and wait for a valid signal before taking on the next trade. Plenty of charts to ponder over the weekend. Europe and Asia were generally higher to close out the trading week. It's Friday afternoon and time for a break.