A one day reversal to the downside as the Dow opened higher and closed lower.  The most watched index fell 85 points on light volume.  The advance/declines were about even.  It was a mixed bag as the small stocks continued higher.  The TRAN was up as well.  So I don't know what to make of things at the moment.  But I am looking for higher prices eventually in the coming weeks.  No trades in the SPY yet though.  GE was off 40 cents and the volume remains heavy.  Getting close to $26.50 but I am in no hurry to get the calls here.  There is a huge gap to be filled as well here on the daily chart.  Perhaps I'll wait until GE gets back to the 50 day moving average.  We'll see.  Gold was up almost $10 on the futures today.  The US dollar finished the session about unchanged.  The XAU and GDX barely moved.  Volume remains very light for the gold shares.  No trades here for now.  Mentally I'm feeling OK.  Still in a waiting game for the major stock indices at this point.  A break out or a break down remains the question.  There is also the prospect of the continuation of the sideways price action that has been going on for the past 2 1/2 months.  I am probably at least going to wait for this week to pass before considering a trade in the SPY.  There isn't a good signal yet and sometimes you just have to be patient.  This seems to be one of those times.  Gold remains a light volume drift for the past 2 weeks.  Light volume usually means little interest.  That is the case right now for the precious metals.  Once again, there is no need to rush anything here either.  So we sit and wait for the right time and opportunity.  We'll watch the overnight action as usual and see what tomorrow brings.