A slight bounce today and that was to be expected.  The Dow rose 59 points on average volume.  The advance/declines were negative.  The summation index is heading lower.  The overall market was weaker than the Dow.  It was a one day reversal to the upside as we opened lower and closed higher.  I do think that we'll drift higher from here in the short term and hopefully that will set things up for the SPY May puts for me.  But the market goes where it wants.  The ideal scenario in my mind would be for the VIX to return to 15 and that would be the time to try the puts.  The short term technical indicators for the major stock indices are trying to turn back up but haven't yet.  Perhaps by tomorrow.  GE rolled over and lost 2/3 on good volume.  It did stop at the 50 day moving average.  Gold shed another $8 as the US dollar continued its climb.  The XAU and GDX had fractional losses on light volume.  I'm still considering the longer term gold share calls going forward.  Mentally I'm feeling a bit tired, did not sleep well.  Simply waiting to see how the rest of the week turns out at this point.  Hoping for higher prices and the technical indicators could prove to be in my favor for that.  Todays price action does have the look of a hammer or morning star on the daily candlestick charts of the major stock indexes.  So we'll see.  Headline risk seems to have faded into the background for now.  Interest rates did continue higher today but did not have the same negative effect on stocks.  Earnings continue to be solid but there hasn't really been any positive price reaction.  I'll simply continue to monitor the indicators and price action.  Hope fully I'll make the right trading decisions this time around.  Trying to remain patient for now.  Europe and Asia were lower in last nights trading activity.  We'll keep an eye on what happens after the bell.