Another day of hanging around as the Dow fell 65 points on light volume. The advance/declines were negative. The summation index continues in a downward trend. The inflation data today was a bit less than expected. A mixed day to be sure as both the S&P 500 along with the NASDAQ showed gains. New all time closing highs for these indexes yet again. How long can this continue? Usually longer than you think. I am looking at the SPY June puts though and perhaps will buy some on strength tomorrow. The S&P remains short term overbought. If we get a negative RSI divergence on the hourly chart tomorrow I may try the puts as the next trade. Short term in nature would be the plan. Hold it over the weekend and sell them early next week. That's the idea at the moment. Gold dropped $35 on the futures today. The US dollar was higher and interest rates were lower. The XAU fell 3 1/2 and GDX lost 7/8. Volume was average. GDX remains short term oversold and below its 50 day moving average. I'm still looking at the 32-31 level on GDX before trying the July or August calls there. Mentally I'm feeling OK. The VIX was lower today and is now below 12. Some but not all of the short term indicators here are oversold. I'm still not sure what's next for the VIX. I'll have to decide overnight if trying the SPY puts here is worth the risk. Only five days left in the June option cycle as there is a holiday in the middle of next week. Asia was mixed and Europe lower overnight. We'll close out the trading week tomorrow.