Hanging around in the middle of option expiration week as the Dow gained 163 points on average volume. The advance/declines were positive. The summation index is moving up. Inflation data came in light. The Dow was the leader today and that isn't the most bullish scenario. The S&P 500 is still short term overbought and is due for a rest. Declines can be bought in my humble opinion. Most of the important economic data is already out for the week so it's anybodies guess where we go from here. We'll remain patient for now with regards to the SPY trading. Gold was off a couple bucks on the futures. The US dollar was higher along with interest rates. The XAU and GDX had fractional losses on light volume. My GDX December calls are now posting a small loss. GDX is stalling at its 50 day moving average and the short term indicators are starting to move sideways. I still have the open order out for the GDX January calls. Mentally I'm feeling OK. The VIX finished flat on the session and remains short term oversold. Only a couple of days left in the November option cycle and we're approaching a short holiday week as well. My guess is that things will wind down here for the next week and half but we'll see. Ideas include getting the January GDX calls at some point and some SPY calls when we see some pullback in the overall market. Europe and Asia finished higher. We'll keep an eye on the overnight developments.