A nondescript start to the week as the Dow fell 200 points on light volume. The advance/declines were negative. The summation index is moving higher. No follow through to Fridays good gains but some profit taking could be expected. It is a light week for economic data. The S&P 500 remains short term overbought as does the NASDAQ. The Dow was the leader going lower. No SPY trades in mind for now. Gold gained $8 on the futures. The US dollar finished unchanged and interest rates were flat as well. The XAU and GDX ended little changed too. Volume was light. My GDX June calls are still in the red. The longer term up trend line for gold and GDX remains intact for now. A break of that line will end the current trade and I'll have to take the loss. The weekly technical indicators for GDX are mid-range so it could go either way here. We'll hold for now. Mentally I'm feeling OK. The VIX was up slightly and remains short term oversold. The level here remains below 15 and that is bullish. Getting pretty far from the 50 day moving average though. Not much else to report for the first Monday in June. Asia up and Europe down overnight. We'll see how it goes tomorrow.