An interesting session as what was once a broad based rally turned into a mixed picture by the close. The Dow gained 243 points on light volume. It was up well over 400 at one point. The advance/declines were 2 to 1 positive. The summation index is moving higher. After being higher the NASDAQ finished with a loss on the day. The S&P 500 finished flat after being much higher earlier on. It still remains overbought on the short term indicators. Waiting on tomorrows inflation data. It is also the end of the month before a long holiday weekend. My guess is whatever is going to happen will be early in the day and then traders will be leaving early. Gold rose $17 on the futures. The US dollar was higher and interest rates nudged up. The XAU was up 1 3/4 and GDX was up 1/2. Volume was light. The short term indicators on GDX are trying to turn back up. I'll keep an eye on golds reaction to the inflation numbers tomorrow. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. Not sure what to expect next here. Just waiting on the month of August to come to a close and we'll be looking for a trade in September. Europe was higher and Asia mixed in last nights trade. We'll close out the week and the month tomorrow.