Just some profit taking today in my mind as the Dow fell 157 points on average volume. The advance/declines were 2 to 1 negative. The summation index is moving up. The NASDAQ was barely negative and that tells us that the decline is not the start of anything big. Still short term overbought for the major averages. It is expiration week which usually has a positive bias. So we'll see if things turn around back to the upside tomorrow and if we can get to new all time highs. GE was off 1/8 on lighter volume. Gold got clobbered today and that negates the breakout on Friday above the declining tops line. The precious metal futures were off almost $35 per the October contract. The US dollar was higher. The XAU lost 1 1/8, while GDX shed 3/8. Volume remains light here. The gold shares finished well off of their lows for the session. A big drop in gold without a big drop in the gold shares is bullish going forward in my view. I did place an open order for the GDX November calls but it will take more of a decline to get filled. The short term technical indicators for GDX are still overbought so a decline here isn't out of the question. Mentally I'm feeling OK. The VIX was higher today and that fits with the market decline. The indicators here have started to turn back up but not dramatically so. I don't have any SPY trades in mind right now. I do think that we'll head higher into Fridays option expiration. The pandemic virus remains along with the stimulus deal bickering. The market continues to price in a Joe Biden victory. Asia higher and Europe lower last night. We'll see what tomorrow brings.