The Dow spent another day running in place as it gained 10 points on good volume. The advance/declines were 2 to 1 positive. The summation index is still tracking sideways. The NASDAQ was a leader and that's a plus for the bulls. The TRAN and the Russell 2000 turned back around to the upside and that's a positive as well. The S&P 500 is working its way to short term overbought but isn't there just yet. We'll get some economic data in the next couple of days but we're heading into the end of the month and a holiday weekend. I don't have any SPY trades in mind at the moment. GE was up 1/4 and the volume remains light. Gold was off a few bucks on the August contract and the US dollar was higher. Rates were basically unchanged. The XAU and GDX had slight fractional losses on light volume. I'm still considering the GDX June calls. Waiting for a move back to the breakout point at 38 but that may not occur. Mentally I'm feeling OK. The VIX was lower again today and is comfortably below the 20 level. Although short term oversold the VIX is implying that higher stock prices are on the way. We shall see. Perhaps new all time highs are not out of the question after all. Maybe I'll just let this week pass on by and take it from there. Asia was generally higher and Europe mixed overnight. We'll see what tomorrow brings.