More selling ahead of tomorrows inflation data as the Dow fell 154 points on average volume. The advance/declines were negative. The summation index is trending lower. A lack of buyers as the market plays a waiting game. The Dow led the way lower as it has been lately. That isn't the most bearish scenario. If we continue lower tomorrow our SPY put trade idea will have been missed. If we move higher perhaps we can try it before option expiration. The short term indicators for the S&P 500 have rolled over. I have no idea one way or the other about the inflation data out tomorrow. The market reaction will be the key. Technically speaking the S&P remains short term overbought but could be in the process of rolling over. Gold jumped over thirty bucks on the futures. The US dollar was higher and interest rates were up a bit. The XAU and GDX had slight fractional moves one way or the other on light volume. Gold up and the gold shares going nowhere isn't bullish. The short term indicators for GDX are now mid-range. I still don't have any GDX trades in mind for now. Mentally I'm feeling OK. The VIX finished flat today as its short term indicators headed sideways. It will be interesting to see what happens here tomorrow. Asia was generally higher and Europe lower overnight. We'll see how tomorrow goes.