Lower again today as the Dow dropped in the final hour and closed with a loss of 47 points on about average volume.  The advance/declines were negative.  The summation index is now heading sideways.  A couple more days like today and the SPY June put trade will not be feasible.  The market will have to turn around here tomorrow or that trade isn't happening.  We're still short term overbought, so a pop up tomorrow might still set that trade up.  But things will have to set up just right to attempt it.  As of right now it's still a wait and see attitude for me.  GE was off a few cents on average volume.  Gold found a little life today as the futures rose $14.  The US dollar was lower.  The gold shares finally got going with the XAU up 4 1/4, while GDX climbed a point.  Volume was heavy.  It appears that gold is finally breaking through its long term down trend line that has been in effect for years.  We'll have to see how it closes out the week.  This would be a very bullish development if it holds up.  It may be too late for the longer term gold share call trade that I mentioned earlier.  I'm still considering it though if this breakout holds up and we get a pullback.  Mentally I'm feeling OK.  Only 8 days to go in the June option cycle.  I'll need to see some sort of light volume rise from here to try the SPY June puts.  Otherwise I'll have to start looking at July.  No economic data to trade off of for the rest of this week.  We do have the Fed a week from tomorrow.  But for now we're here and it appears that we're working off a short term overbought condition before making a run at new all time highs again.  That's my guess.  The action in gold today was interesting and it could be the start of something worthwhile to the upside.  But it is only Tuesday.  Asia was mixed and Europe lower overnight.  We'll see what tomorrow brings.