A pause in the rally today as the Dow fell 65 points on average volume. The advance/declines were negative. The summation index is moving up. The NASDAQ led the way lower. The S&P 500 remains short term overbought. We had a final hour rally to bring things back up. We'll see how the market reacts to the inflation data due out tomorrow. The Ukraine/Russia conflict has taken a back seat for now. Gold was up around $20 on the futures. The US dollar was lower along with interest rates. The XAU was up 2 1/4, while GDX gained 3/8. Volume was light. I'd still like to get some GDX April calls because it looks like it is about to break out to the upside. Getting short term overbought but not there yet. Mentally I'm feeling OK. The VIX held steady at the up trend line from November. It remains extremely oversold. I'm looking for volatility to pick up and soon. Perhaps the inflation data tomorrow or the jobs report on Friday will get things moving here. The market has gone up in a straight line for about two weeks. This will not go on forever. Asia was higher ans Europe lower last night. We'll keep an eye on the overnight headlines.