Nothing but buyers as the market just keeps going up in a straight line. The Dow gained 236 points on light volume. The advance/declines were 3 to 1 positive. The summation index is moving up. The NASDAQ led the way again to the upside and that's a plus. The S&P 500 is short term overbought. The sell signal that we got last week did not work. However the longer things go straight up, the more likely that they will not have a happy ending. It was quick V bottom in stocks and we'll have to see if we bust out to new all time highs soon. Gold was up a few bucks on the futures. The US dollar was lower and interest rates were slightly lower. The gold shares followed the overall market today. The XAU rose 3 1/8, while GDX gained 3/4. Volume was average. GDX is now short term overbought as well. We'll wait for some kind of pullback before trying the calls there. Plenty of time in the September option cycle but there is also the fact that I might have missed this move for GDX as well. Mentally I'm feeling tired. The VIX is still heading lower and remains short term oversold. It can stay oversold for an extended time during rallies and that is what we are seeing now. I'll be patient for now. Asia was mixed and Europe higher to begin the week. We'll keep an eye on the overnight developments.