Whatever selling that occurs continues to be met by buying but the Dow did lose 39 points on light volume. The advance/declines were negative. The summation index is moving up. We had selling in the morning which met with buying in the afternoon. The NASDAQ and the S&P 500 managed to eek out small gains. Both remain short term overbought. It looks like we won't get a chance at the SPY November calls. It seems like the market just wants to keep going up from here but we do have the 4400 level of resistance to contend with on the S&P. Almost there and what happens at that point will tell us a lot. My guess is that we'll get through there and keep on going. Gold lost $18 on the futures. The US dollar finished basically unchanged and interest rates had a slight drop. The gold shares got creamed with the XAU losing 3 1/8 and GDX down by 7/8. Volume was good moving lower again. My GDX November calls are dead. I did get filled on the open order for the GDX December calls and they are losing already. Unless the gold shares turn around tomorrow, the inverse head and shoulders pattern that I have talked about on the daily chart will be negated. It looks like that will be the case. Not sure what happened here with gold but we'll listen to what the price is telling us. Mentally I'm feeling OK. The VIX it still heading lower and still short term oversold. This seems like a broken record. However it can last longer than you think and as long as it does we'll continue to look for higher stock prices. Asia was mostly lower and Europe generally higher. We'll see what tomorrow brings.