It was a day of listless trading as the Dow gained 33 points on pretty light volume. The advance/declines were negative. The summation index is still trying to turn back up. No real news to speak of today. It's like the market took a day to catch its breath. The short term indicators for the S&P 500 are mid-range so I'm guessing things could go either way here. I did purchase soem SPY October puts today. They are at break even. The stop loss order is already in for this trade. We'll see how things go next week. Gold was up four bucks on the December futures. The US dollar was higher and interest rates ticked up as well. The XAU and GDX had fractional losses on very light volume. Light volume seemed to be the theme of the day as the market now decides where to go from here. Mentally I'm feeling OK. The VIX was lower and closed below its 50 day moving average. The short term indicators here are oversold but not completely. The VIX is implying higher stock prices for now which is why trying the SPY puts here may not be such a good idea. However I do not think that the market is going straight up to new all time highs here. I'm looking for a retest of the recent lows of Monday. We'll see. Plenty of work to do and charts to go over this weekend. We've got the end of the month on tap for next week as well. Europe was lower and Asia as well with the exception of Japan. It's Friday afternoon and time for a break.