A downer to finish off the week as the Dow fell 246 points on good volume. The advance/declines were 2 to 1 negative. The summation index is still moving up. The NASDAQ led the way lower and that is not a plus. It has been under performing lately and that is not bullish. The NASDAQ did not come near to hitting a new all time high as the Dow and S&P 500 did yesterday. We like to see the big 3 moving in tandem and that is not happening right now. The short term indicators for the S&P have turned down but remain overbought. The daily candlestick chart there has a potential double top if price keeps dropping from here. Not sure which way we'll go. The NASDAQ is at its 50 day moving average. If that doesn't hold things here there will be more selling. Gold was up $15 on the futures. The US dollar finished flat and interest rates were up a bit. The XAU lost 3 2/3 and GDX shed almost 2/3. Volume was a bit above average. The short term indicators for GDX have now stalled in overbought territory. The daily candlestick chart here has a short term bearish look. Mentally I'm feeling OK. The VIX was up today but came off of its best levels on the day. It remains short term oversold. Not sure what to expect next here. I'll have plenty to ponder over the weekend when going over the charts to try and come up with some kind of trade for options expiration week. Asia up and Europe down to close out the week. It's Friday afternoon and time for a break.