More of the same as the Dow gained 91 points on good volume. The advance/declines were shy of 2 to 1 positive. It was a mixed bag though as both the NASDAQ and the S&P 500 showed losses on the day. The NASDAQ sported the deepest decline and the short term indicators here appear to be rolling over. That would change the bullish outlook if it continues. The NASDAQ is pretty far away from its 50 day moving average. If this is indeed the start of a return to that line, we still have a ways to go. But the breadth here is far from negative and perhaps it is just some profit taking in that index. The S&P 500 remains short term overbought. Gold got whacked today as the futures fell $25. The US dollar was a bit higher and interest rates rose. The XAU dropped 1 2/3, while GDX lost 5/8 on average volume. My GDX June calls are solid losers. I considered dumping them today but GDX is still above the longer term trend line although it has the feel now that it isn't going to hold. It was also a one day downside reversal for the gold shares. If we don't see any upside for the gold shares by the end of the week it will be time to put this trade to bed. Mentally feeling a bit frustrated again with the losing GDX trade. It showed a profit for a day or two last week and that was about it. The VIX finished little changed today and is very oversold. I'm not sure how long it will stay that way. The VIX is bullish for stocks right now so we'll see how long that lasts. Asia was mixed and Europe slightly lower in last nights trade. We'll see what tomorrow brings.