Now it appears that sellers have the upper hand as the Dow fell for the sixth day in a row. The most watched index dropped 234 points on light volume. The advance/declines were shy of 3 to 1 negative. The summation index is moving down. The NASDAQ led the way lower. Although it wasn't deep sell off by any means the inability to have more than a one day rally is concerning for the bulls. A bounce at the least is due for the Dow. The S&P 500 was off over thirty points. The short term indicators here have rolled over. It now looks like the SPY put trade has been missed. Unless we see some upside heading into the Fed meeting next week I may have to just continue to be on the sidelines. Gold slumped over fifty bucks today as the price movement here lately has been big both ways. The US dollar was higher along with interest rates again. The XAU lost 5 3/4, while GDX shed 1 3/8. Volume was average. Staying away from GDX has probably been a good thing with the recent volatility there being short and sweet both ways. Mentally I'm feeling OK. The VIX was up today but we didn't see the short term indicators move that much. Not sure what that means. Stocks closed on their lows today and that isn't a positive sign. Running out of time in the December option cycle. The most we can hope for now is a short term trade and that isn't usually where my best efforts occur. Europe finished relatively unchanged and Asia was higher with the exception of India. We'll close out the trading week tomorrow.