The Dow was the laggard once again as it fell 79 points on good volume. The advance/declines were slightly positive. The summation index continues higher. The NASDAQ by far was the leader today and that is a plus for the bulls. Both the NASDAQ and S&P 500 ended the week at new all time highs. No overhead resistance. The short term indicators for the S&P remain in overbought territory. The rally for stocks continues after moving sideways for most of the week. Still at the mercy of the next Iran conflict sound bite but it doesn't seem to mean as much to the market anymore. Technically the S&P is overbought, staying that way and we are not going to fight that right now. Gold was up nine bucks on the futures. The US dollar was lower along with interest rates. The XAU rose almost 6 points and GDX was up over 2. Volume was light. The short term indicators for GDX are trying to turn back up. I'm still not a fan of the gold shares now but we should wait for them to get back to short term overbought before attempting the GDX puts again. Mentally I'm feeling OK. The VIX was lower today and the short term indicators here continue in a sideways pattern. The daily chart here still looks like it wants to go lower and the indicators are not completely oversold. Remaining below the 20 level and that is a positive. I'll be checking the charts as usual over the weekend to try and form a game plan for next week. Stocks are in rally mode but we are soon heading into a period of underperformance on a seasonality basis. Asia was mixed and Europe lower to close out the week. It's Friday afternoon and time for a break.