Some back and forth today but mainly just hanging around as the Dow was up 55 points on light volume. The advance/declines were around 3 to 1 higher. The summation index conitnues to the upside. The NASDAQ continues to lead and that's a plus. The techncial condition of the S&P 500 remains the same. Short term overbought and staying that way. There is a V bottom in place as we approach the previous all time highs. Either a huge double top is forming or we will simply plow on higher past the near term resistance. At this point it looks like moving higher will be the most likely. Gold finished flat on the day. The US dollar continues to fall and interest rates were slightly lower. The XAU was up almost a point and GDX rose 1/4. Volume was light. GDX remains short term overbought as well. Waiting on a pullback here. Mentally I'm feeling OK. The VIX was up today which doesn't fit with todays market direction. The last time this happened we had a drop the following day. Still short term oversold and staying that way on the VIX. Looking for a trade but we will not force the issue. Waiting on some type of set up for now. Plenty of time in the September option cycle. Might even wait until all the players are back after Labor day if necessary. Patience for now. Asia was mixed once again and Europe higher overnight. We'll keep an eye on tonights headlines.