More selling in the broader market today but the Dow did manage a gain of 129 points on average volume. The advance/declines were negative. The summation index is moving lower. The overall market was weaker than the Dow again with the NASDAQ leading the way lower. The S&P 500 was down as well. The short term indicators here are pointing down and about at mid-range. The S&P did come up from the lows of the session but that may have been option expiration related. As we suspected there is no reason to get long in front of the long holiday weekend. Gold finished flat on the futures. The US dollar finished flat as well but interest rates ticked down to close the week. The XAU lost 1 2/3, while GDX shed 1/4. Volume was average. The gold shares came up from the lows of the session as well. Getting close to the 200 day moving average for GDX and the XAU bounced off of that level today. GDX remains short term oversold and staying there. Some indicators for GDX are at or approaching levels where we have at least seen a bounce before. However the fundamentals for gold remain negative at the moment. Mentally I'm feeling OK. The VIX was lower today which doesn't fit with the overall market lower. Not sure what's going on here. The short term indicators are mid-range. I don't have a good feel for this indicator right now. Plenty of work to do over the long weekend as we will try and come up with a game plan going forward. It will be a short trading week coming up. We booked our first trade for the year this week and it was negative. Putting that in the rear view mirror and moving on. Europe and Asia were lower to close out the week. It's Friday afternoon and time for a break.