Mixed would be the beat way to describe todays market price action as the Dow fell 158 points on light volume. The advance/declines were positive. The summation index is starting to trend sideways. The overall market was stronger than the Dow with the NASDAQ posting the best gains. The S&P 500 was barely higher. Still pretty far above the 50 day moving average here but there's nothing in the way of more gains to come in my mind. Option expiration week on tap with its usual positive bias. The only thing that would change my mind on the S&P is if we continue lower tomorrow, which would make the weekly candlestick chart suspect. We'll see how Friday goes. Gold continues higher as the futures tacked on $15. The US dollar was higher again along with interest rates. The XAU climbed almost 4 1/2, while GDX added 3/4. Volume was good. I did put in another order for the GDX January calls but we'd need to see some pullback for it to get filled. We've broken out of the head and shoulders pattern for GDX. We might get a chance for the calls if we see a back test to the neckline in the coming days. GDX is now above its 200 day moving averge but is getting short term overbought. Gold is moving up despite what interest rates and the US dollar are doing. That is bullish. Mentally I'm feeling OK. The VIX was lower today in a mixed market. It wasn't a surprise since this indicator does not stay overbought for extended periods of time. The only concern here for the bulls was a lower VIX but not exactly a rebound across the board in stocks. We'll see how this plays out moving forward. Europe and Asia were generally higher overnight. We'll close out the trading week tomorrow.