We had a big gap lower to begin the session and spent the rest of the day trying to make it all back. The Dow finished down 6 points on light volume. The advance/declines were negative. The summation index is moving lower. The NASDAQ had a small gain and the S&P 500 was barely lower once again. Sideways for a little over a week now on the S&P. It remains short term overbought. The breadth remains negative here as the market is deciding where to go next. It could be another consolidation before new all time highs. The up trend line from the beginning of this rally that began in August comes in at 5800. As long as that holds the trend is up. Gold continues to shine as the futures rose over twenty bucks. The US dollar was slightly higher and interest rates were steady. The XAU gained 3 1/2 and GDX was up 7/8. Volume was average. Going straight up now on the gold shares. This cannot last forever. GDX remains short term overbought and reaching extremes. Markets can stay overbought longer than you think though. I won't be chasing it here. Mentally I'm feeling OK. The VIX was lower today. Above its 50 day moving average and below the 20 level. Still short term oversold and I'm still not sure what to expect next here. I'm looking for some kind of trade here but do not have any decent signals as of yet. Some economic data out this week but nothing major. Earnings continue to be reported. We are in a holding pattern for the time being. Asia and Europe were generally lower last night. We'll see what tomorrow brings.