Overall some minor selling ahead of tomorrows jobs report as the Dow fell 248 points on average volume. The advance/declines were negative. The summation index is beginning to stall. The Dow led the way lower and that isn't the worst scenario. Today may or may not be a near term top but I believe that we are getting close to it. I did place an order for the SPY Decmeber puts overnight but it was not filled. I'm leaving the order out there. If we get a rally off of the employment report it might get filled. The short term indicators for the S&P 500 remain overbought. Gold dropped $22 on the futures today. The US dollar was lower and interest rates finished flat. The XAU was off 7/8 and GDX finished flat. Volume was pretty light again. The short term indicators here are above mid-range and trending sideways. Not sure what the next move for the gold shares is so we'll stay on the sidelines here. Mentally I'm feeling OK. The VIX was flat and remains short term oversold. The Bollinger bands are now beginning to flatten out. Not sure exactly what to expect from this indicator either. There is still plenty of time left in the December option cycle for a trade. I do think that the SPY puts will work in the remaining timeframe but the entry has to be good. Whether or not I can figure it out remains the question. I do not think that the market will continue to rally for the next two weeks but I could be wrong. Europe and Asia were up last night with the exception of the Hang Seng. We'll see how the markets react to the jobs data tomorrow.