It was simply a day of hanging around as the Dow gained 82 points on light volume. The advance/declines were around 2 to 1 negative. The move higher in the summation index has stalled. We'll get some inflation data tomorrow and my guess is that we'll move one way or the other on that. It's also the end of the month etc. so there will be that to contend with as well. The NASDAQ along with the S&P 500 finished about unchanged. The short term technical indicators for the S&P 500 are mid-range so we could go either way. My guess is that we'll be heading lower on the inflation data but I do not have any SPY puts to back that up. Gold was off a couple bucks. The US dollar was higher and interest rates were lower. The XAU fell 1 1/4, while GDX lost 3/8. Volume remains light here. The gold shares have under performed the precious metal by quite a lot lately. Not sure if it's an end of the quarter situation or what. The Gold/XAU ratio is the highest that it has been in quite some time. Either gold has to begin to drop or the gold shares have to rally to alleviate that situation. Mentally I'm feeling OK. The VIX was lower today as it is hovering around its 50 day moving average. Tomorrow should get things going one way or the other. I think most of the action will take place on Thursday as we have a long holiday weekend on the horizon and traders will most likely be leaving early on Friday. Europe and Asia were both down overnight. We'll see how things go tomorrow.