We began the week with a thud as the Dow fell 209 points on average volume.  The advance/declines were negative.  The summation index is still moving up.  Earnings disappointments were the reason for today fall but there's a lot on the plate this week.  We've got the Fed, US/China talks, the jobs report and long awaited other economic data coming out.  It should be quite a week going either way.  We're still short term overbought but the short term technical indicators for the major stock averages are starting to roll over.  I did place an overnight order for the SPY February puts but it wasn't filled.  Might try again tomorrow.  GE lost about 1/4 on good volume.  We've been going sideways since the run up from the lows.  Hopefully it's a bullish flag formation.  Earnings due on Thursday.  Gold and the US dollar were both flat today.  The XAU and GDX had fractional gains on average volume.  My GDX February calls are doing nicely so far.  Getting short term overbought here though.  Plus we're at resistance of 21.5 for GDX.  Mentally I'm feeling tired.  I'd still like to see a run up to around 270 on SPY before getting short.  The market may not cooperate though.  The VIX spiked up today but did finish below its highest intra-day levels.  Would love to see it get to 16.5 but this may not occur either.  I'm trying to remain patient for now because it is such a huge week for data and announcements.  Markets could swing big in either direction.  For now I'll keep an eye on things and see how it goes.  Europe and Asia were lower overnight.  We'll see what tomorrow brings.