An up and down session today as the Dow dropped 43 points on light volume. The advance/declines were positive. The summation index is an upward sloping sideways channel. The overall market was positive but not by much. It has been a weak start to the month of April. The S&P 500 is still on the overbought side. The Bollinger bands are contracting which forecasts that a big move is coming. Which way is the question. Still on the sidelines with regards to the SPY options. Gold continues to climb as the futures gained $35. The US dollar was lower and interest rates finished flat. The XAU was up 3 3/4, while GDX added 3/4. Volume remains plenty good to the upside for the gold shares. Overbought to the extreme on GDX as we will wait for some kind of selling before attempting the GDX calls again. I missed this move for sure and it isn't a good feeling. Markets don't care and you've just got to keep going in this game. Mentally I'm feeling OK. The VIX was slightly lower today. The short term indicators are trying to roll over at the mid-range level. This would imply some upside for stocks in the coming days. We'll see. Europe was up and Asia down in last nights trade. We'll keep an eye on the overnight headlines.