A positive start to the new week as the Dow rose 165 points on light volume. The advance/declines were positive. The summation index is now trending higher. The trading day had a distinct sideways feel to it as the market waits for the next headline from the war in Iran. The NASDAQ and S&P 500 posted modest gains. The short term indicators for the S&P are still heading up. Not sure what comes next here. Inflation data due on Thursday and Friday of this week. Gold was up a couple bucks on the futures. The US dollar was a touch lower and interest rates remains flat. It seems that most markets are in a wait and see approach for now. The XAU dropped 2 1/2, while GDX shed around 3/4. Volume was light which seems to be the theme for today. The short term indicators for GDX are beginning to move sideways. I did place an open order for the GDX April puts and I'm leaving it out there. Ideally this order will be filled ahead of the inflation data later this week. Mentally I'm feeling OK. The VIX was up slightly today which doesn't fit with an up market. When price action and the VIX don't match usually the VIX gets it right. The short term indicators for the VIX continue to track sideways. Today was a slow moving, not well attended day for stocks. Waiting for the next sound bite out of Iran. Europe and Asia were mixed with some exchanges closed. We'll see how it goes tomorrow.