Continuing higher as the Dow gained 68 points on light volume. The advance/declines were slightly positive. The summation index is still trending lower. Overall the broader market was stronger than the Dow. The Fed chairman was a non-event. The NASDAQ closed at a new all time high. The S&P 500 could do the same with more upside tomorrow. Last weeks decline already seems to be a thing in the past but we'll wait to see the rest of teh week first before coming to any conclusions. GE was off over 1/8 on very light volume. Gold was off half a dozen on the futures. Interest rates were stable while the US dollar had a small loss. The XAU and GDX had slight fractional losses on light volume. The gold shares remain short term oversold. Mentally I'm feeling OK. The VIX continued lower and still implies more gains for stocks to come. Perhaps what we're seeing is the beginning of the summer rally for equities. The only caveat is the light volume as we do not trust light volume rallies. I think that we will have to see how the rest of the week plays out and take it from there. I have no trades in mind at the moment. Europe and Asia were higher overnight. We'll see what tomorrow brings.