A summer day of hanging around as the Dow fell 165 points on heavy volume. The advance/declines were positive. The summation index continues higher. The NASDAQ had a slight gain and the S&P 500 a slight loss. The S&P remains short term overbought. My open order is still out there for the SPY July puts but I may cancel it soon. No real downside follow through in the overall market to yesterdays drop. Gold dropped thirty bucks on the futures. The US dollar finished flat as did interest rates. The XAU fell 9 3/4, while GDX slid 2 3/8. Volume was heavy to the downside. Yesterday I thought that we'd missed out on the gold share calls and today we are glad that we didn't purchase any. Not sure what's going on here but a longer term up trend line for GDX comes in now at 49. As always markets know more than we do. Mentally I'm feeling OK. The VIX was lower today and remains short term oversold. Not sure what's next for the VIX. Asia and Europe were both higher as the tariffs have been postponed once again. Busy day for me today so the blog is a little short. We'll see what tomorrow brings.