Waiting on the jobs data as the Dow fell 85 points on average volume. The advance/declines were slightly negtive. The summation index is moving up. The NASDAQ had a gain and that's bullish. Still short term overbought for the major stock averages. Looking for 4200 on the S&P to try the SPY August puts. However as long as the summation index is going up the path of least resistance is higher. Gold was up over $30 on the futures and crossed the $1800 level. We've seen an upside reversal there. The US dollar was lower along with interest rates. The XAU climbed 3 2/3, while GDX was up 7/8. Volume was good. GDX has broken through the down trend line on the daily chart that began in April. I'm leaving my open order out there but it appears that I'm too late. Perhapd an adjustment will be necessary. Mentally I'm feeling a bit tired. The VIX was lower, remains oversold and is below 22. If it gets to 20 that's a spot to try the SPY August puts as well. Not sure how much to read into tomorrows data but as always the markets response will be the key. Europe and Asia had gains overnight. We'll close out the first week of August tomorrow.