More of the same as the Dow rose 36 points on light volume. The advance/declines were positive. The summation index is trying to form a sideways channel. The NASDAQ and S&P 500 had slight gains. Remaining short term overbought on the S&P. The inflation data tomorrow should be a catalyst in one direction or another. We've also got possible end of the month, quarter and half year gyrations on tap. Toss in a holiday week coming up and you have the potential for a volatile session. Traders may get all their work done before taking next week off. The inflation data is expected to show improvement so we'll see. No SPY trades in mind at the moment. Gold was up $23 on the futures. The US dollar was a bit lower along with interest rates. The XAU was up a point and GDX rose 3/8. Volume was pretty light. The short term indicators on GDX have turned back up but it remains below the 50 day moving average. GDX is also still under the short term down trend line on the daily chart that began in mid-May. Tomorrow will probably get gold moving as well. Mentally I'm feeling OK. The VIX continues to drop and is heading to the 12 level. The short term indicators are moving down and are not yet short term oversold. The VIX picture still looks positive in the near term for stocks. That could all change on tomorrows data but I'm not sure that it will. Asia and Europe were generally lower overnight. We'll see how the market reacts to the inflation data and closes out the trading week and month tomorrow.