It was a one day reversal to the downside as the Dow opened higher, was up around 90 points and then closed the day off 3. We sold off in the last hour. Not a good sign going forward for the bulls but we are oversold and due for some selling. Volume was heavy. The advance/declines were even once again. A pullback would be healthy in the overall scheme of things for the bulls. We got some news on extending some Federal tax breaks and that was the catalyst for the early rally. Summation index is moving higher but not with any conviction. GE has shown good relative strength lately and was up 33 cents on heavy volume. Overbought here as well and I expect GE to take a rest for next few days. The January calls I own are solidly in the black for now. I still expect to try an OEX trade before expiration if things set up for it. Gold lost $7 today and more in the aftermarket. The XAU fell 3 1/2. ABX down 2/3, while GG and NEM both lost 7/8. Volume was average. The gold shares opened higher as well but could not hold their gains. Perhaps traders are locking in their profits on these issues for this year. That's my guess at this point. I still would like to get some January calls. We'll see if the opportunity presents itself. Mentally I'm feeling OK. Not much else to report today. I expect tomorrow to be weak following todays action. We'll see how it goes.