A little minor selling to start the week as the Dow fell 55 points on pretty light volume. The advance/declines were even. The summation index continues higher. Lack of volume means no interest but I still think that we'll head higher this option expiration week. The underlying overbought technical conditions persist for the major stock indices. However there is no overhead resistance and no selling of any consequence lately. GE was flat on the session and volume was light. Gold dropped a dozen today and the short term technical indicators are rolling over. Rates ticked up slightly while the US dollar was little changed. The XAU fell 3 points, GDX shed 3/4. Volume was light. Mentally I'm feeling OK. The VIX was just a bit higher today. It remains oversold and stuck there on the short term indicators. As long as the VIX remains below the 20 level, the bulls have the benefit of the doubt. With only 4 days to go in the April option cycle I'll most likely be on the sidelines this week. I have no SPY trades in mind at the moment. Europe and Asia were lower last night. We'll see how things go tomorrow.