We closed out the week on a whimper as the Dow rose 13 points on light volume. The advance/declines were positive. The summation index is still moving up. Listless trading throughout the day as summertime has come early to Wall street. A buying push in the final half hour led to the gains. The overall market continues to perform better than the Dow and that's a plus if you're long. Another new all time high for the S&P 500 and there is no overhead resistance. We do remain short term overbought for the S&P and the light volume isn't exactly encouraging. Option expiration week alnog with the Fed on tap for next week. GE was up a few cents and the volume was light. Gold did not follow through yesterdays gains and the futures dropped over twenty bucks. The US dollar had a good session but interest rates remained unchanged. The XAU fell 2 2/3, while GDX lost 2/3. Volume was light. My GDX June calls moved back to solid losers. I probably should have just taken the loss today. GDX is back to the up trend line that began in the beginning of April. If that line holds the trade has a chance to get back to break even. If not it's a loser. The short term indicators here have rolled back over and that's not a good sign. With only five days left in the June option cycle, time is running out. Not sure if I can wait on the Fed until Wednesday but may have to. Mentally I'm feeling OK. The VIX was lower yet again today and remains below its 50 day moving average. The lack of volatility has led to what looks like 2 1/2 months of sideways activity for the S&P. We're hitting new all time highs here but it isn't exactly a huge breakout. I'm not sure how much longer that will go on. The market seems to be in slow motion. Plenty of things to think about while going over the charts this weekend. Asia was mixed and Europe higher to finish the overseas trading week. It's Friday afternoon and time for a break.