Some selling as traders returned to their desks as the Dow fell 222 points on heavy volume. The advance/declines were around 2 to 1 negative. The summation index continues higher. Not the worst session in the world as the Dow led the way lower. The S&P 500 is getting short term overbought on some but not all of the indicators. We started going straight up last week and that cannot last forever. Plenty of overhead resistance for the S&P with the next down trend line coming in at around 4250. End of the month today and a short trading week. Jobs report due out on Friday. No SPY trades in mind at the moment. Gold dropped $17 on the futures. The US dollar was higher along with interest rates. The XAU lost 3 1/3, while GDX shed 3/4. Volume was about average. It appears that the short term indicators for the gold shares are rolling over. Mentally I'm feeling OK. The VIX was up but just slightly. The 50 day moving average is still resistance for this indicator to move lower for now. Getting oversold on some of the short term indicators as well. My thinking was that the 50 day would not hold up but I could be wrong. That would imply more selling going forward. We'll know by the end of the week. I'd expect positive money flows though since tomorrow is the beginning of a new month. We'll see. Asia was mixed and Europe generally lower last night. We'll keep an eye on tonights developments.