It was an up and down session with the Dow ending with a gain of 5 points on better volume. Advance/declines were positive. We are oversold both short and medium term. I'm leaving in the open order for the OEX puts but it could be a mistake. The S&P 500 has drawn a line in the sand at 1040. If that breaks, we will be heading lower for sure. Beginning of the month tomorrow and it's possible we could see some inflows of cash. We'll see. Gold was up $10 today and we are on the cusp of breaking out to new highs there. The XAU gained 2 1/4. ABX up 3/8, GG up 1/2 and NEM led the way higher, up 1 3/8. Volume was better than it has been. End of the month purchases? Money continues to find a home here. I placed an order for some ABX September calls. If we do break out in gold, the gold shares should follow. We are overbought and staying there. I'm not exactly sure this is the right trade to try because there isn't a buy signal from the Gold/XAU ratio. However the price is far enough away that it could be triggered if we get there. Mentally I'm feeling OK. The overall stock market has been in a funk for a few weeks now. There is a chance we are putting in a bottom here and will head higher in the beginning of September. I'm sticking with the OEX puts though. The summation index continues lower but that could change with a very positive day. It could all hinge on Fridays employment report. Time will tell. I'll stick with the open order trades that I have in for now and adjust things as necessary.