Back and forth was the name of the game today as the Dow was up 16 points on light volume. The advance/declines were positive. The summation index continues higher. The NASDAQ out performed. The S&P 500 remains short term overbought and moving sideways for now. The next line of resistance for the SPY comes in at 425 so it's a waiting game at the moment. Inflation data due out on Friday. Gold was off six bucks on the session. The US dollar was higher along with interest rates. The XAU fell 1 1/3, while GDX lost 1/3. Volume was pretty light here. Light volume here shows a general lack of interest for gold right now. Mentally I'm feeling OK. The VIX was up just a bit and remains short term overbought. It is still above the short term line of resistance to move lower. A break of this line would bode well for stocks in the near term but it hasn't happened yet. Just under two weeks left in the June option cycle. I'd like to say I have a good idea of where we're going next but I don't. As long as the summation index is moving up we'll have to give the benefit of the doubt to the bulls. If we make it up to the 50 day moving average on the S&P 500 I'll consider the SPY June puts. Europe and Asia were higher to begin the week. We'll keep an eye on tonights headlines.