It turned out to be an unexpected quiet session on Wall street as the Dow fell 8 points on very light volume. The advance/declines were negative. The summation index is tracking sideways. The jobs report came in weaker than expected and the market reaction was muted. We spent the day in a sideways channel. Neither buyers nor sellers could move things their way. The S&P remains perched at the down trend line that has been in effect for the past month or so. The short term technical indicators are at mid-range so it could go either way. My SPY October puts are still showing a small profit. I'll just have to wait and see where we go on Monday. Option expiration week is coming up and usually has a positive bias. Gold finished around unchanged after being much higher early on. The US dollar finished little changed as well and interest rates ticked up again. The markets reactions to the weak jobs report were not what's usually expected. I'm not sure what that all means. The XAU and GDX had fractional gains on good volume. Mentally I'm feeling OK. The VIX was lower today and the market didn't rally. However it was a non volatile session so that kind of fits the movement. Getting short term overbought now on the VIX but I haven't had a good handle on this indicator lately. Todays stock price action marked indecision as we wait to see the resolution at the above mentioned trend line in the S&P. The lack of volume today shows no catalyst to push higher through the line at the moment. However nobody was in a rush to sell either. We are still at an important juncture in my opinion. Should get some answers next week. Plenty of charts to check over the weekend. Asia was higher as China reopened. Europe was generally lower but not by much. It's Friday afternoon and time for a break.