Expiration Friday was fairly quiet as the Dow rose a point and change on light volume. The advance/declines were 2 to 1 positive. The summation index is moving up. Not much to write about today price action or lack thereof. The short term technical conditions remain the same. Overbought and staying that way. Both the NASDAQ and the S&P 500 posted slight gains again. It feels like a sideways consolidation in the very short term before we move higher again but we'll have to wait and see. A holiday week ahead and the volume should taper off. We'll be on the sidelines still with regards to the SPY until after next week. Gold was off $4 on the futures. The US dollar was lower and interest rates were flat. Both the XAU and GDX had fractional losses on light volume. The short term technical indicators for GDX are mid-range and could go either way. My GDX December calls are now at a small loss as they waiver back and forth between slight gains and losses. I still have the open order out for the GDX January calls. Not sure what to expect next as we wait for the complex inverse head and shoulders pattern for GDX to make up its mind. It looked like a failure but it still has a chance so we'll continue to hold onto the calls for now. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold as it has been for a couple of weeks. This condition will end eventually but we can't be certain of the timing. It is supportive of higher stock prices and that has come to pass. The weekend is upon us and we'll be going over all the charts as usual. Sitting on our hands next week is the game plan and I don't think that will change. Sometimes you've got to be patient. Asia was mixed and Europe higher to close out the week. It's Friday afternoon and time for a break.