It appears that the Dow played catch up with the other major averages today as it got slammed 532 points on expiration heavy volume. The advance/declines were negative. The summation index is still trying to hold on to the zero line. The McClellan oscillator again gave a signal yesterday for a big move and we got it today. However it was a mixed picture as the NASDAQ was only slightly lower as the Dow was the under performer. The S&P 500 did manage to close above its 50 day moving average but the short term indicators are turning lower. Perhaps the Santa Claus rally will begin next week. Gold was flat on the session after being higher early on. The US dollar was up and interest rates remained steady. The XAU and GDX also finished little changed after being higher early in the day. My GDX January calls remain solid losers. Will have to think about selling them next week or maybe before the beginning of the new year unless we see some more upside for the gold shares. Mentally I'm feeling OK. The VIX was up today and remains above the 20 level. Volatility has been the constant lately. My thinking is that things will slow down next week with the holidays arrival. However it seems the market is still trying to make up its mind on where to go. Positive seasonality is in play. I'll check the charts over the weekend and take it from there. Europe and Asia were lower to end the week. It's Friday afternoon and time for a break.