The Dow was lower from the start and ended the day down 68 points on average volume. Advance/declines were negative. We were down about 170 points this morning. The overall market was stronger than the Dow today and that might lead to a bounce tomorrow. The summation index is heading lower and we will use that as our proxy for what to expect in the near future. Lower prices. We may get a snap back to the uptrend line the was recently violated. We'll see. GE lost a bit of ground again and looks like it wants to break the trading range to the downside. Volume was average. Gold lost $10 today but the XAU gained a point. ABX, GG and NEM all had fractional gains on average volume. The dollar was a bit lower today. We could be at the turning point for the gold shares here. Oversold and the technicals are at the bottom of their channels. Perhaps the gold shares will now take the lead over the price of the precious metal. I'm leaving in the open order for the June GG calls. But I don't think that there is any rush here. If the overall stock indices drop, the gold shares will most likely fall or move sideways. My thinking is that the June gold share calls will be my next trade. Mentally I'm feeling OK. Tomorrow could be an interesting day as todays action portends some upside. However the market seems to have no real direction at the moment. When in doubt, stay out is one market rule. 3 days to go in the May option cycle. I'll leave in the GG option ticket for June and we'll see what happens.