More of the same today as we seem to be waiting for a close above the 5000 level on the S&P 500. The Dow added 49 points on average volume. The advance/declines were positive. The summation index is now trying to move sideways. The NASDAQ was the leader today but all the gains were small. We did get a signal last night on the McClellan oscillator for a big move within the next two sessions. We'll see if that pans out tomorrow. There doesn't seem to be any sellers around for now. Still considering the SPY February puts some time before expiration Friday on the 16th. Gold was lower by a couple bucks on the futures. The US dollar finished flat and interest rates ticked higher. The XAU fell 1 1/8, while GDX was off over 1/8. Volume remains very light here. GDX remains short term oversold but not at extremes. My GDX February calls are now 90% losers. Looks like no cutting that loss now. I'll hold on to them over the weekend in case the Middle East heats up but that's about it. No saving this bad trade though. Mentally I'm feeling OK. The VIX was slightly lower and remains short term oversold. We've got the lunar new year coming up in Asia so some of those markets will be closed going forward from here for around a week. Mainly affects China. Europe and Asia finished mixed overnight. We'll close out the week tomorrow.