To the downside today as the selling continues and the Dow fell 228 points on heavy volume. The advance/declines were negative. The summation index is moving sideways. Once again the NASDAQ led the way down and that hasn't been a good sign. My idea of trying the SPY December calls has been wrong. Thankfully we never purchased any since we did not get a solid technical signal. One could occur here soon but it is too late for the December option cycle. The S&P 500 was lower and now has closed below its 50 day moving average. The short term indicators here are heading down with some in oversold territory. Not exactly sure what is going on but the market always knows more than we do. Inflation data due out tomorrow. Gold was up $41 on the futures. The US dollar was higher and interest rates finished basically unchanged. The XAU was up 2 7/8, while GDX added a buck. Volume was light. The short term indicators for GDX are beginning to move sideways. Mentally I'm feeling OK. The VIX was higher today which fits a down market. The short term indicators on the VIX are still moving up. The VIX seems to be implying that there is more selling to come. We'll see. Asia was generally higher and Europe generally lower overnight. We'll see how the market reacts to the economic numbers tomorrow.