A mixed bag by the close today as the Dow gained 54 points on end of the month heavy volume. The advance/declines were negative. The summation index is trending lower but without conviction for now. The NASDAQ posted a loss while the S&P 500 was basically unchanged. The inflation data came in where expected. The US tariffs are now in the hands of the courts. There are plenty of questions without any answers at the moment. The technical picture for the S&P hasn't changed. Short term overbought but not completely. There is still a short term up trend line intact here so that is a plus for the bulls. But any drop from here would violate that line. I'm remaining on the sidelines with regards to the SPY options for now. Gold dropped $30 on the futures. The US dollar was higher and interest rates finished slightly lower. The XAU and GDX had fractional gains on light volume. Once again the gold shares did better than gold itself and that's a plus. I'm still considering the GDX calls for the next trade. However GDX does remain short term overbought. Mentally I'm feeling OK. The VIX was lower today and remains below 20. Still short term oversold but there is room to go lower on the indicators. Not sure what's in store next for the VIX. Moving into June with plenty of time left for the option cycle. I'll be checking the charts as usual this weekend to try and come up with a decent idea. Asia was lower and Europe generally higher to close out the week. It's Friday afternoon and time for a rest.