Moving lower on the Dow as it fell 76 points on pretty light volume.  The advance/declines were almost 2 to 1 negative.  The summation index is still moving up.  Not much direction here for the market as the volume is so light it's hard to read anything into what is going on.  The overall market is holding up better than the Dow but the short term technical indicators have rolled over for the major stock indices.  I'm leaving in my open order for the SPY September puts.  The VIX is in the 12's and the players are out on vacation.  With the extra week on the September option cycle, there really isn't a rush to put any kind of trade on.  GE gained a few cents and the volume's light.  Gold fell $11 on the futures as the US dollar moved up.  The XAU dropped 2 1/8 while GDX shed almost 1/3.  It appears that there is no hope for gold and the gold shares.  The usual positive seasonality is not showing up this year.  My GDX September calls are dead.  Mentally I'm feeling OK.  The small stocks are holding up better here but without any volume it's hard to say what is exactly going on.  The market appeared to be heading to new all time highs this week but now looks to be getting tired.  The fact the RUT broke to new all time highs is bullish.  Perhaps we'll trend sideways for a while before attempting new all time highs for the S&P 500 again.  That's just a guess as usual.  It's still a watch and wait period for now.  Asia was higher and Europe lower last night.  We'll see what the Fed head has to say tomorrow and close out the summer trading week.