To the upside to begin the month of July as the Dow gained 50 points on light volume. The advance/declines were 2 to 1 negative. The summation index is still trying to move sideways. The NASDAQ led the way higher. July is usually a good month for stocks. We'll see how it goes this year. The S&P 500 remains short term overbought but not extremely so. A short holiday week with Thursday closed and only a half day trading on Friday. The jobs report is due on Friday but many traders will be out. So it isn't your normal market week. I'll probably just stay on the sidelines unless we get some type of decent signal. Summertime and the trading is thin. Gold was up a buck. The US dollar finished little changed and interest rates were higher. The XAU lost 1 1/8, while GDX was flat. Volume was very light as there appears to be no interest one way or the other for the gold shares. The short term technical indicators for GDX remain mid-range. Mentally I'm feeling OK. The VIX was lower today which fits with a positive day for stocks. Not sure where it's headed next but it is more oversold than overbought on a daily basis. Patience for now when it comes to the next trade. Asia and Europe were higher to begin the week. We'll keep an eye on any overnight developments.