Higher and higher we climb as the Dow gained 172 points on expiration heavy volume. The advance/declines were almost 2 to 1 negative though. This will have the summation index going sideways again. New all time highs for the Dow, NASDAQ and S&P 500 again. No overhead resistance and apparently plenty of liquidity to go around. The S&P is simply overbought and staying that way. Sort of like the same situation we have with gold right now but not as extreme. We are in a seasonally negative period for stocks but that doesn't seem to matter. Just sit back and enjoy the ride for now I suppose. Gold gained forty bucks today. The US dollar was higher and interest rates edged up. The XAU jumped 12 7/8, while GDX climbed 3 2/3. Volume was heavy to the upside. Is there any point to saying GDX is still short term overbought? It doesn't seem to matter. Until it does. The gold shares are extremely overbought on all time frames and about as far away from their 200 day and weekly averages as they get. Money just keeps pouring in there though. Mentally I'm feeling OK. The VIX was lower today and its short term indicators have turned down. The Bollinger bands on the daily chart here are starting to contract again. I'll be checking the charts this weekend to try and come up with a game plan for the October option cycle. Asia and Europe were lower to complete the week. It's Friday afternoon and time for a rest.