We've been moving back and forth between gains and losses each day for the past week. The Dow gained 207 points on good volume. The advance/declines were positive. The summation index is still trending lower. The NASDAQ led the charge and that's a plus for the bulls. The S&P 500 had a decent gain and is almost to its upper Bollinger band. The short term indicators here are moving higher with room to go. I might have to reconsider my SPY August put idea at this rate. Something to ponder over the weekend. Gold was up a couple bucks on the futures. The US dollar was a bit lower and interest rates a bit higher. The XAU and GDX had fractional gains on below average volume. GDX is now short term overbought. Mentally I'm feeling OK. The VIX was lower today which fits an up market. Getting to short term oversold on the indicators but not all the way there yet. Plenty of work to do over the weekend as I have to try and figure out what to do next week. The short term trades are not my best efforts usually. However we'll see how it goes this time around. The stock market has shown a lot of resilience lately and it may not pay to go against that. But we'll have to wait and see what happens over the weekend. Europe was mixed on Friday and Asia lower with the exception of Japan. It's Friday afternoon and time for a rest.