The first triple digit down day of 2013 today as the Dow fell 129 points on light volume.  The advance/declines were about 4 to 1 negative.  This should turn the summation index back down.  Sideways to lower should be in the near future for the stock indices.  I don't think this is the start of any type of protracted move down but I certainly don't know for sure.  I would expect buyers to show up at some point before long.  The multi-week up trend line from November is still intact.  GE was off 1/3 on average volume.  My GE February calls are still showing a profit.  GE is moving sideways and as long as it holds above $22.20, I think those calls will be OK.  But I could be wrong and often am.  Gold found some buyers today on the overall stock market decline.  The precious metal futures rose 5 bucks despite strength in the US dollar.  The XAU was up 1/8.  ABX, GG and NEM all had fractional gains.  The volume was average with the exception of ABX where it was heavy.  My February ABX calls are still solidly in the red with virtually no chance for success.  I really should dump them this week, since this trade is a loser and has only 9 days left to go.  Mentally I'm feeling OK.  The daily S&P 500 candlestick chart looks pretty bearish after todays action.  We'll have to see if there is any follow through to the downside tomorrow.  The market is long overdue to take a breather.  However is usually takes a bit of time to build some sort of top and we haven't seen that yet.  Gold is still dead money but it hasn't broken down through the 200 day moving average yet.  It also hasn't been able to get through the 50 day moving average to the upside yet either.  Perhaps which one breaks first will give us a clue as to the near term direction there.  The gold stocks remain lackluster.  We'll keep an eye on the overseas market action tonight and take it from there.