We got a bounce today as the Dow was up 52 points on good volume. The advance/declines were about even. The summation index is heading lower. It was a back and forth session. We got 10 points away from the 3200 level on the S&P 500. So there is a chance that the decline is over. But the jury is still out on that. We are below the 50 day moving average on the S&P and the down trend line remains in effect for now. Oversold and staying that way. GE was off a nickel on good volume. Gold managed to stop dropping today as the futures rose five bucks and finished well off of their lows. The US dollar was slightly lower. The gold shares rallied, with the XAU gaining 5 1/8 and GDX up a point. Volume was average for lately. My open order for the GDX October calls was missed by a tick. I had adjusted the price higher overnight but it still wasn't filled. I'm still leaving it out there but it may be too late. The rise in the gold shares today says that the decline there is over in my mind because it was so much stronger than in gold itself. That is usually a positive sign. Mentally I'm feeling frustrated. Coming within a tick of being filled on a trade that I want to do is the reason. But it's happened before and it will happen again. At least the general idea is right for now. The VIX was just a bit lower today. There's still plenty of room on the short term technical indicators to rise and that would coincide with a drop in stock prices. So it is still a tricky call as to what is going to happen here. September is generally a negative month for stocks and this year is living up to that. I don't have any solid SPY trades in mind at the moment. Europe and Asia were lower last night. We'll see if they get a bounce tonight and we'll close out the trading week tomorrow.