A relatively quiet expiration Friday as the Dow rose 36 points on light volume. The advance/declines were positive. The summation index is in a general sideways trend. The NASDAQ was the leader to the upside today and that's a plus for the bulls. I've been looking for some type of decline here and it hasn't happened. The market has simply stayed overbought. The volume has been pretty low though and I cannot think that the rally can go on much longer. But who knows? There is not overhead resistance as new all time highs are happening on a regular basis. Still waiting on the NASDAQ to confirm though. The S&P 500 remains short term overbought as it drifts higher. Rolling into the November option cycle on Monday. Gold was up over twenty five bucks on the futures as new all time highs there continue. Silver had a big day moving higher. The US dollar was lower and interest rates were steady. The XAU jumped 7 2/3, while GDX climbed 1 2/3. Volume was good to the upside. GDX is now short term overbought. GDX is now both short and medium term overbought but nothing seems to be in the way of this rally. We will wait again for GDX to get back to oversold on the short term before trying the calls there again. Perhaps this time when that occurs I'll have the good sense to give them a try. We'll see. Mentally I'm feeling OK. The VIX dropped and landed on its 50 day moving average. The short term indicators are heading lower with room to go. Movement on the VIX suggests higher stock prices to come in the near term. It seems like there is no stopping this market from moving up at this point. I'll be checking out the charts over the weekend to try and figure out the next move. Asia and Europe were higher to finish the week. It's Friday afternoon and time for a break.