Back and forth was the name of the game today as the Dow fell 166 points on heavy volume. The advance/declines were slightly negative. The summation index is beginning to move sideways. We are in headline risk mode as the war between Russia and the Ukraine is at the forefront. My guess is that the market is turning back up here and making its way back to the down trend line for the S&P. The NASDAQ was higher today and that's a plus. The short term indicators for the S&P 500 have made it back to mid-range. We'll look for the S&P to make it back to 4480 and decide what to do from there. Gold was up twenty bucks on the futures. The US dollar was slightly higher and interest rates dropped. The XAU and GDX were basically unchanged on good volume. I'm still waiting for GDX to make it down to the 33 level or lower to try the April calls there but it may not happen. Mentally I'm feeling OK. The VIX was higher today as the volatility continues. It remains elevated with the short term indicators mid-range. The Dow gained over 300 points in the final half hour. That's the kind of market that we're in at the moment. Opportunities to be sure but you better be nimble and keep a close eye on the ongoing developments. We do have a game plan in place as we will wait for the S&P 500 to make it back to the down trend line that began in January and decide whether or not to try the March SPY puts there. Europe was lower and Asia generally higher overnight. We'll keep an eye on the ongoing developments this evening.