It was a one day upside reversal for the overall market today as it opened lower and closed higher but the Dow fell 154 points on light volume. The advance/declines were better than 2 to 1 negative. The summation index is moving down. Once again we had poor breadth as the market continues to try and figure out which way to go. The NASDAQ finally closed at a new all time high. The S&P 500 had a slight gain. The short term indicators here are moving sideways. Perhaps the tech earnings out this week can get things moving one way or the other. We don't have a clear technical signal for a trade here so we'll have to wait. I'm still in the camp that the SPY calls are the way to go here. I could be wrong. Gold was up $30 on the futures to a new all time high. The US dollar and interest rates finished the day flat. The XAU was up 2 3/4, while GDX added around 2/3. Volume was average. The short term indicators for GDX are trying to turn up from the mid-range level. We will wait for the gold shares to get oversold. Mentally I'm feeling OK. The VIX was lower today which fits the overall market. The short term indicators remain at mid-range. Waiting on earnings and the economic data due this week. End of the month on Thursday. The US election plus the Fed next week. Plenty of excuses for market movement. Waiting on a decent trading signal for now. Plenty of time remains in the November option cycle. Asia higher and Europe lower overnight. We'll see how things go tomorrow.