Drifting higher today as the Dow gained 192 points on heavy volume. The advance/declines were 2 to 1 positive. The summation index is moving up. The Dow led things today and that isn't the most bullish scenario. Things would have been higher but we had a late mini sell off. The NASDAQ and S&P 500 closed at new all time highs. There is once again no overhead resistance. The S&P 500 remains short term overbought. Our next trade will be trying the SPY July puts ahead of the inflation data next week if we continue to the upside before Tuesday. Markets rarely cooperate. Gold was up $14 on the futures. The US dollar was slightly higher and interest rates finished little changed. The XAU rose two points and GDX was up 1/3. Volume was light. Some of the short term indicators for GDX are at mid-range. It's hard for me to figure out which way the gold shares are going to go from here so I'll remain on the sidelines for now. Mentally I'm feeling OK. The VIX was a bit lower today and continues to be short term oversold. I'm hoping it will stay down for a couple of more days but markets and indicators go where they will. Running out of time in the July option cycle with only six days left. The risk on any July cycle trade going forward will be high. Europe and Asia were mixed in last nights trade. We'll close out the week tomorrow.