We saw some downside today as the Dow was off 200 points early. We ended the day with a loss of 122 points on average volume. Advance/declines were 3 to 1 negative. So we gave back all we made yesterday. It's been a down, up, down market here and tomorrow will be important. If we head back down it could signify the end of the rally. The summation index has turned around again. We are also not making it through the longer downtrend line on the S&P that has been in place for quite a while. Since 2007 to be exact. So we are at an important moment in time. Gold got clobbered today, off over $25. The XAU fell 6 2/3. ABX off 1 3/4, GG and NEM down over 2. Volume was heavy. We've broken through the weekly uptrend line on the gold shares that's been in place since July. The trend is now down. The dollar had a good day in a flight to safety in my opinion. So perhaps the game has changed for gold. Time will tell but there is no reason to get long the gold shares at the moment. They will fall with the broader market. Mentally I'm a bit tired, did not sleep enough. Meetings again today took me away from the normal market routine and I have an early appointment tomorrow as well. But that should be it for the distractions for a while. It looks like we may finally have hit an inflection point for the markets this week. There will be opportunity and I'll try and take advantage of it.