Heading back up today as the Dow gained 225 points on heavy volume. The advance/declines were around 2 to 1 positive. The summation index is still moving lower. The NASDAQ led the way today which is a plus for the bulls. The market did fall in the final hour though and that isn't usually a good thing. I'm not exactly sure what is going on here so we are still on the sidelines for the time being. One of our models showed yesterday as a medium term low for the market with prices rising from here. The short term indicators for the S&P 500 are stalling here as they head lower. I'm still considering the SPY November calls at the moment. Gold was up $33 on the futures. The US dollar finished flat and interest rates were higher. The XAU was up 7 points and GDX climbed 2 1/3. Volume was slightly above average. GDX remains short term oversold and we're still on the sidelines when it comes to trading the options in GDX for now. Mentally I feel OK. The VIX was lower today and remains short term oversold. Once again the daily candlestick chart here looks like it wants to go lower but that hasn't worked out recently. When in doubt stay out is usually solid advice in this game. We'll wait for the next decent signal and go from there. Asia lower and Europe higher overnight. We'll keep an eye on this evenings developments.