Continuing higher today but less dramatic as the Dow added 37 points on light volume. The advance/declines were positive. The summation index is now pointing upwards but has just begun to turn around. The NASDAQ continues to lead the way and as long as it stays that way we remain positive going forward. The S&P 500 was higher today and the short term indicators are still moving up. Not quite short term overbought just yet here. We'll have to see the reaction to tomorrows inflation data. It's also the end of the month tomorrow. Sellers have disappeared for now but we know that can change. Gold was up another $6 on the futures. The US dollar was lower and interest rates held steady. Both the XAU and GDX finished flat on the session. Volume was light. My open order for the GDX October calls remains out there. GDX has made it back up to its 50 day moving average. Mentally I'm feeling tired. The VIX was lower today and has gotten down to short term oversold. We'll see how long it stays that way. I did consider getting some SPY September puts today but a better entry point would be on sometime Friday if the market remains higher from now until then. We'll see what happens. One thing to remember about the recent four day run is that the volume has been pretty anemic. Now it that because traders are out on their last summer vacation or is this just a short covering rise? As time moves on we'll get the answer. Asia was generally higher and Europe slightly lower last night. We'll see what tomorrow brings.