It was a mixed session after a weaker than expected jobs report as the Dow fell 74 points on pretty light volume. The advance/declines were negative. The summation index is still moving up. The NASDAQ posted a gain and the S&P 500 was only slightly lower. The S&P remains short term overbought and I'm still interested in the SPY September puts if we get some strength early next week. The Fed easy money policy won't be changed after todays weak numbers and that provides a floor for stocks at the moment. Eventually that will change. Gold rallied on the weaker employment report as the futures gained twenty bucks. The US dollar was lower but interest rates ticked up. The XAU rose 3 1/4, while GDX added 3/4. Volume was good as it has been on the way up. The gold share calls remain overbought but if they do get back to oversold, I'll try the GDX October calls. The volume on the rise here says that this should be a longer lasting move higher for the gold shares. However I am not going to chase it here but that may not be the correct choice. Nonetheless to me the better course of action is to wait for an oversold condition and try the calls then. If the gold shares simply continue higher and remain overbought then so be it. The ideal entry point has already been missed. Mentally I'm feeling OK. The VIX was flat today and remains oversold. Todays light volume was no surprise given the last holiday weekend of summer. Things should get back to normal on Tuesday. There's not much left to do now except go over the charts on a long weekend. Asia was mixed and Europe lower to finish out the week. It's Friday afternoon and time for a break.