The market tried to have a positive day but it was not to be as the Dow lost 41 points on heavy volume. Advance/declines were negative. We are very oversold here and really due for some type of short-covering bounce. But we've been oversold for a while. The Dow was down 150 at one point. We've got the employment report tomorrow ahead of a long weekend. Anything can happen. We are in a down trend. Rallies will be sold. Gold got clobbered today, down about $40 on the futures. The XAU fell 7 3/4. ABX, GG and NEM all were over 2 point losers on good volume. I canceled the ABX July call order. I placed another order for ABX calls going out to August. I'm not sure if today was a one day wonder for gold or the start of something bigger. The dollar got clobbered as well so the flight to safety trade was taken off in a big way. Perhaps the markets here sense a rally about to happen for the indices. Hard to believe that though. Maybe traders were trying to lock in some 2nd half of the year profits on the first day. It's all a guess but you cannot ignore the price action. Mentally I'm feeling fine, slept well. The summation index continues lower, we are in dangerous territory and the market cannot seem to get even one day of rally. Interesting times indeed. Who knows what tomorrows employment numbers will look like? I'm on the sidelines as far as the stock indices are concerned for the moment. So we'll see what tomorrow brings.