An interesting day to say the least as the Dow fell around 160 points on good volume.  The advance/declines were 2 to 1 negative.  The jobs number came in about as expected and we briefly rallied at the start.  But then things turned around as the small stocks got crushed.  So it was a one day reversal to the downside for the major averages.  The short term technicals have now rolled over here, although todays advance/declines weren't all that negative.  It is probably not a time to be looking at OEX calls and perhaps the puts will be the way to go here.  GE lost about 20 cents and the volume was nothing special.  The daily candlestick chart here is now bearish.  We broke out of the wedge on light volume and that was a clue not to get too bullish.  Perhaps some puts might be in order here but I'll have to check it out over the weekend.  Gold had a good day, the futures rose almost $20.  The US dollar didn't do much on the employment news.  I'm not sure why gold rallied today.  The XAU did not follow and was up only 5/8 after being higher early.  ABX and GG had fractional gains, while NEM was flat.  Volume was light.  I'm still considering the May ABX calls but I will look at this idea again over the weekend.  When gold itself rallies good and the gold shares don't, it isn't bullish going forward.  Mentally I'm feeling OK.  We had an initial positive reaction to the jobs number in the stock market but then it was selling for the rest of the day.  I'm not exactly sure what to make of it but I'd remain cautious regarding stocks.  Perhaps the market as always knows more than we do.  It sure looks like a rollover for the big caps today.  Gold had a nice rally today but the gold shares followed the overall market weakness.  I think the next thing to watch here will be the Fed beige book on Wednesday but that's a guess as usual.  The short term technicals for the gold shares are moving higher and that is a plus.  However I'd like to see a better entry point for the May ABX call trade.  That might simply be wishful thinking at this point.  I'll be checking all the charts over the weekend.  For now it's Friday afternoon and time for a break.