An early steep sell off was met with buying for the rest of the session and the Dow did manage to make it all the way back to a gain of 9 points on light volume. The advance/declines were slightly positive. Bad news on the earnings front from MSFT was the early morning culprit but we saw buyers appear once again during the day. This has been the case lately as we hover around the longer term down trend line for the S&P 500. To me it has the feel of getting the selling out of the way before the market powers higher through that line, hopefully with some better volume than we've seen lately. Where before the negative beginning to the day would lead to more selling we are now seeing buyers step in. The S&P does remain short term overbought. We'll get some economic data in the next couple of days to trade off of. Gold was up over $10 on the futures as we approach the $1950 level there. The US dollar was lower again and interest rates were steady. The XAU rose over 2 1/2, while GDX gained 1/2. Volume was average. GDX is still short term overbought but money just continues to flow into the gold shares. This is a move up that just keeps going. Having regrets about not being on board. But we'll have to remain on the sidelines there for now. Mentally I'm feeling OK. The VIX was slightly lower today and came back from the higher level of the session. The daily chart here looks like it wants to go lower and there's room to move down on the short term indicators. I'm looking for higher stock prices between now and the close on Friday. Much of Asia still closed but what was trading was mixed. Europe was slightly lower. We'll see what tomorrow brings.