We opened up with a gap higher and spent the rest of the day in a sideways channel. However the Dow fell 95 points on expiration heavy volume. The advance/declines were 2 to 1 negative. The summation index continues lower. Both the NASDAQ and S&P 500 posted light gains with the NASDAQ leading the way. The short term indicators for the S&P are at mid-range with some beginning to stall. Todays breadth was not good but I still think that the market goes higher from here. But getting this close to the zero line in the summation index could really spell trouble so we'll remain on the sidelines for now. Gold was off $16 on the futures. The US dollar was a touch lower and interest rates rose. The XAU and GDX had fractional losses on below average volume. The short term indicators for GDX are still trending higher. Considering the GDX October calls as the next trade. Mentally I'm feeling OK. The VIX was lower and the short term indicators here continue to move down. Another reason not to get too bearish here. The market is still at risk from the next Iran conflict headline but at least we've got the Fed and inflation data behind us for the time being. I'll be going over all the charts this weekend as we roll into the October option cycle. Asia was generally higher and Europe lower to close out the week. It's Friday afternoon and time for a break.