We had a one day reversal to the downside as the market opened higher and closed lower. The Dow fell 68 points on light volume. The advance/declines were 2 to 1 negative. The summation index is moving lower but remains in a sideways channel. Light and listless trading was the story of today. Only a couple of trading days left in the year. The market didn't expand on its good gains from Monday. The trend remains up though for now. GE was off a few cents and the volume was light. Gold was up a few bucks on the futures and the US dollar was lower. The XAU and GDX had very slight fractional gains on light volume. My open order for the GDX January calls remains out there. I am however seeing a lot of press about how gold is going to have a great year again in 2021. That usually means that it is about to head lower. I'll be keeping a close watch. Mentally I'm feeling OK. The VIX was higher today and that fits with a down market. Still oversold here. Really just waiting for the year to end at this point. Many traders are away from their desks and what had to be done for this year is over. So we will watch and wait. The underlying themes of the pandemic virus, vaccines and presidential transition remain. For the most part Europe and Asia were up overnight. We'll keep an eye on whatever develops overnight.