A pause in the party today as the Dow fell 114 points on average volume. The advance/declines were negative. The summation index is still moving up. Not a huge decline or broad based as it looks like some profit taking for now. The S&P 500 remains short term overbought. This could be a week of hanging around before a holiday weekend in the US but we'll have to wait and see how it plays out. No SPY trades in mind at the moment. Gold rallied again with the futures up $63. The US dollar was lower and interest rates finished flat with the exception of the 30 year. The XAU was up 5 1/3, while GDX tacked on 1 3/8. Volume was above average for the gold shares. It appears that I've missed the call trade here again. I canceled my open order for the GDX June calls as it was not going to get close to getting filled. GDX is now at the short term down trend line on the daily chart. The longer term up trend line currently lies at 44.5. Some of the short term indicators here are mid-range and pointing up. Mentally I'm feeling OK. The VIX finished basically flat and is still short term oversold. Below the 20 level and its 200 day moving average. Don't know what to expect next here but more sideways movement would not be a surprise. That would be a plus for stocks in the near term. Europe and Asia were higher with the exception of India. I'll keep an eye on the overnight developments.