Some selling to begin the week as the Dow fell 62 points on good volume. The advance/declines were slightly positive. The summation index is moving up. Back and forth again today with no real conviction either way. The NASDAQ led the way lower. Were getting to the first down trned lines for the major indices so some hesitiation is not out of the question. We are hoping the market holds up ahead of Thursdays inflation data so that we may try the SPY July puts. That will also mark the end of the month, 2nd quarter and the 1st half of the year. Gold was off six bucks on the futures. The dollar was lower and interest rates higher. The XAU had a fractional gain and GDX had a fractional loss. Volume was on the light side. I'm still holding the GDX July calls that I have but I don't know why. They are dead in the water and will not be coming back. Should have dumped them long ago but when you don't follow the rules, you pay the price. Mentally I'm feeling OK. The VIX was lower today which doesn't fit with a down market. Getting close to the resistance line at 26. If the VIX gets through there the rally will continue and if not we'll see some selling. The short term indicators are close to mid-range so it's anyones guess which way it goes here. My thinking is that we'll see some selling on the inflation data Thursday but it's only Monday. Asia was higher and Europe mixed to begin the trading week. We'll keep an eye on the overnight developments.