It was a day of back and forth and the Dow finished with a gain of 26 points on average volume. The advance/declines were about even. The summation index is trying to stop its decline. The overall market was weaker than the Dow, with both the NASDAQ along with the S&P 500 lower. The S&P remains oversold but not extremely so. Option expiration week and perhaps we'll see the usual positive bias. The S&P 500 now has short, medium and long term down trend lines to get through. Plenty of spots to try the SPY puts if you're inclined. Gold was a bit higher on the futures today. Both the US dollar and interest rates were slightly lower. The XAU and GDX had fractional gains on very light volume. The gold shares remain short term oversold. Mentally I'm feeling a bit tired. The VIX was lower today and has plenty of room to go down as it remains above the 20 level. Ideally we'd like to see it get back to the 200 day moving average and trendline support. That would set us up to try the SPY puts. However the market rarely cooperates. With only 4 days left in the May option cycle I'll most likely stay on the sidelines for now. Perhaps try the GDX June calls but we'll see. Europe and Asia were mixed overnight. We'll see how thihgs go tomorrow.