Lower in a quiet session as the Dow fell 232 points on end of the month heavy volume. The advance/declines were slightly negative. The summation index continues to travel down. The Dow was the relative under performer today. Stocks remain under pressure as there are no reasons to be bullish at the moment. The S&P 500 was lower and is still short term oversold. It closed at the low of the day. Not sure when things will turn around. February ended with a thud. Gold was up ten bucks on the futures. The US dollar was higher and interest rates were steady. The XAU was up almost a point while GDX added about 1/4. Volume continued light on this near term bounce for the gold shares. It is a very waek bounce to be sure. My GDX March calls are still losers and I probably should have just taken the loss today. The short term indicators for GDX have turned back up but without any type of conviction. I probably should be out of this trade this week because the calls I own are pretty far out of the money. Poor entry timing on my part. However the longer term buy signal that we got is finally starting to work but in a muted form. I suppose that is a byproduct of the lousy fundamental background here for gold. Mentally I'm feeling OK. The VIX was lower today and that doesn't fit a down market. The short term indicators here are mid-range and now look like they want to turn back up. That would be bearish for stocks if it occurs. Perhaps we'll get some buyers for the start of March tomorrow or just more of the same selling. Asia was mixed and Europe lower in last nights trade. We'll see how things go tomorrow.