Another bounce back today as the Dow was up 312 points on light volume. The advance/declines were positive. The summation index is still moving sideways. We were up almost 500 points during the session but dropped off in the final hour. That has been the market make up as of late, an end of the day swoon. I think when that changes the down trend will be over. I'm still hoping to see a rise to the 440 level in the SPY this week to try the Octover puts there again. Still short term oversold for the S&P 500. The NASDAQ acted better today and that's a plus. Gold was off about ten bucks on the futures. The US dollar was a bit higher along with interest rates. The XAU and GDX had slight moves one way or the other on average volume. I'm still considering the GDX October calls ahead of the jobs report. Mentally I'm feeling OK. The VIX was lower today and remains above 20. The short term indicators here have turned down. Not getting a good feel for the VIX here but it once again seems to be saying we'll see higher prices near term. Taking it day by day here as time is running out for the October option cycle. Waiting to get back to the down trend line for the S&P. It will take another couple of days like today to get there. Even if we do there is no guarantee that the down trend line will hold. So trying to remain patient for now. Asia was generally lower and Europe higher overnight. We'll see how things go tomorrow.