Another day of indecision as the Dow was up 5 points on average volume. The advance/declines were negative. The summation index is still moving down. The overall market was negative with the NASDAQ leading the way. The major stock indices remain short term oversold. The S&P 500 is trying to hold in at its 200 day moving average. However it has broken the longer term up trend line from October and can't seem to get any upside momentum. Short term oversold and staying that way is not a positive. Not sure where we go from here. Gold was up $7 on the futures. The US dollar was lower and interest rates higher. The XAU gained 3 1/4, while GDX added 5/8. Volume was heavy to the upside which is a new development here. The short term indicators for GDX are now sloping upwards. My GDX March calls are somehow showing a small profit. I don't know why I'm still holding on to them but greed comes to mind. The strong volume today is a plus and I may be holding on to this trade for longer than I thought. But we'll see. Mentally I'm feeling OK. The VIX was slightly lower today which doesn't match with an overall lower market. The short term indicators are still mid-range here. Stocks have been moving sideways with a lower bias for the past week or so. Remaining short term oversold and I certainly don't have a good idea where we go next. I'm encouraged by the move higher in the gold shares today but that doesn't mean things can't simply turn around tomorrow. The game is never easy. Asia was higher and Europe generally lower last night. We'll keep an eye on tonights headlines.