Today we opened lower and closed higher but the Dow only managed a gain of 10 points on light volume. The advance/declines were negative. The summation index is moving up. It appears that we are in a wait and see mode for now. The volume is very low as we wait for a catalyst to get things moving up or down. It's the last week of August before Labor day weekend and trders have taken off. The S&P 500 remains short term overbought and staying that way. I'm still in the camp for new all time highs soon. Perhaps the inflation data or NVDA earnings can get us there later in the week. Gold rose $5 on the futures. The US dollar was lower and interest rates held steady. The XAU had a slight fractional loss, while GDX was unchanged. They both came up from the lows of the session. Volume was very light once again. It appears that the summer doldrums arrived late this year. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. Back below the 50 day moving average now. I'm still not sure what's next for the VIX. Remaining patient for now when it comes to the next trade. A new all time high close for the Dow today but the NASDAQ is lagging. I'm expecting the S&P 500 to move to new highs as well soon but this isn't a broad upside breakout for now. Plus we are in a negative seasonal period for stocks so I would not want to get too bullish at the moment. The anemic volume is another thing to keep an eye on. Europe and Asia were generally higher overnight. We'll see how things go tomorrow.