A pause in the upside for the Dow today as it fell 168 points on light volume. The advance/declines were slightly negative. The summation index is moving higher. The overall market fared better than the Dow, with the NASDAQ posting a small gain. Inflation data came in where expected. The S&P 500 has now reached overbought territory on some of its short term indicators. We do favor the SPY September puts on any strength tomorrow for a short term trade. Not sure if we'll try it or even get a chance. It may already be too late for the ideal entry. We'll have to see the reaction to the jobs report. Gold was off five bucks on the futures. The US dollar was higher and interest rates slightly lower. The XAU slipped 1 1/3, while GDX lost 1/4. Volume remains light. The 50 day moving average has stopped the recent move higher in GDX for now. We'll keep our order for the GDX October calls out there. Mentally I'm still feeling a bit tired. The VIX continued lower which doesn't fit with a down market. Not sure what that means going forward but the VIX is short term oversold. We'll just have to wait and see what tomorrow has in store for us. It should be a get away day for some hoping to get the jump on a long holiday weekend. Everyone will be back at their desks on Tuesday. We'll see if the SPY puts are worth a try. Asia was lower with the exception of Japan and Europe followed suit with the exception of Germany. Beginning of month of September on Friday. We'll close out the trading week tomorrow.