A one day reversal to the downside as the Dow opened higher and closed lower.  The most watched index finished with a loss of 14 points on light volume.  The advance/declines were slightly negative.  The summation index is stalling here.  The S&P 500 was basically flat, with the small stocks taking the worst of it.  My thinking at this point is that we're going to go higher here in the short term.  I'm basing that on my own indicators.  The usual short term technical indicators have rolled over for the major stock indices but look like they want to turn back up.  Hasn't happened yet.  I'm still in the camp of attempting the SPY May puts, perhaps this week.  GE was off a couple cents and the volume was average.  Gold dropped a dozen on the futures as the US dollar continues higher.  The dollar appears to be breaking out to the upside from its recent trading range.  The XAU shed 1 7/8, while GDX fell 1/3.  Volume was average.  Perhaps I'll get a chance at the longer term gold share calls in the near future.  However the fundamentals still are negative for gold here in my opinion.  Mentally I'm feeling OK.  The chart patterns for most stock indices still have a bearish potential depending on what happens from here.  Plenty of earnings due out this week to move things around.  Plenty of talk about TNX hitting 3% but we had a doji star today on the daily candlestick chart there, so a decline in yields here would be no surprise.  In my mind, a run to 2725 on the S&P 500 would be the set up for the SPY May puts.  Either that or a drop below 15 on the VIX.  Both at the same time would be the ideal scenario.  The market rarely cooperates.  Asia was generally lower and Europe higher overnight.  We'll keep an eye on the overnight developments.