Moving higher today as the Dow was up 194 points on good volume. The advance/declines were positive. The summation index is still trying to turn back up. It was a back and forth session but we did finish in the black. The NASDAQ continues to be the leader and that's a plus. The short term indicators for the S&P 500 are trying to move higher. I still think that we're on our way to the 3900 level in the near term. If we get there we'll consider the SPY July puts. Gold dropped ten bucks on the futures. The US dollar was a bit higher and interest rates continued to fall. The XAU lost 4 1/2, while GDX fell 1 1/8. Volume was good to the downside. My GDX July calls are dead. I didn't even follow my own rules with a stop loss order. Pitiful. Not a lot of money involved but still. Probably will sell them tomorrow before the weekend. GDX closed below the 29 level, which is where I should have waited it to get to. But it loos like 29 will not hold as the gold shares are extremely weak for some reason. We are getting some blown out oversold readings for the gold complex relating to the gold shares. However the stocks here keep selling. I do think that it is time to buy GDX but with a losing trade in hand I will most likely remain on the sidelines. Mentally I'm feeling OK. The VIX was actually a bit higher today which certainly doesn't fit with an up market. Not sure what to make of that. Still above the 50 day moving average on the VIX. The line of resistance to move lower comes in at 26 and the VIX is currently at 29. Asia higher and Europe lower overnight. We'll close out the trading week tomorrow.