A positive start to the week as the Dow gained 146 points on good volume. The advance/declines were slightly positive. The summation index remains in its channel. The NASDAQ led the way higher and that's a plus. Some of the short term indicators on the S&P 500 have started to move higher. Plenty of earnings out this week along with the Fed. Inflation data due on Thursday. So there will be plenty of excuses for the markets to move this week. I'm not exactly sure what to expect and I don't have any SPY option trades in mind at the moment. Gold rose $19 on the futures. The US dollar was a bit higher and interest rates finished mixed. The XAU was up 3 points, while GDX added around 3/4. Volume was light. GDX remains short term oversold. My GDX November calls are still showing a modest loss. Waiting to see how gold reacts to what comes out of the Fed on Wednesday. Mentally I'm feeling OK. The VIX was lower today which fits an up market. Some of its short term indicators are turning lower. Most are at mid-range, which means it could go either way from here. I would think that things would be on hold ahead of the Fed unless some more geo-political tension shows up. We'll see. Asia and Europe were generally higher to begin the week. We'll keep an eye on the overnight developments.