Another day of marking time to begin the trading week as the Dow was up 43 points on light volume. The advance/declines were slightly negative. The summation index continues lower. The market is waiting on something here but what that is, I have no clue. Overdue for some kind of decent bounce for the averages as the short term oversold conditions persist. Getting closer to the zero line on the summation index but we haven't see things fall apart yet. Uncertain times to be sure. Some economic data due out this last week of September. Inflation news on Friday will probably be the most watched. The NASDAQ did lead the way today but the gains were minor. We'll stick with the forecast of lower stock prices going forward for now. Gold was off ten bucks on the futures. The US dollar was higher and interest rates rose. The XAU dropped 1 1/8 and GDX lost 1/3. Volume was light. I adjusted my open order for the GDX calls over the weekend and it almost got filled today. Another down day tomorrow for GDX would most likely put me in this trade. GDX is not yet short term oversold so I might be early on this but I may cancel the order at the open depending on where gold is headed in the morning. I also might consider getting closer to the money calls as well. But it does appear that the time to make this trade is upon us. I could be wrong. Mentally I'm feeling OK. The VIX was lower today and that fits with an up market. The 200 day moving average has held the recent rise in the VIX for now. The short term indicators here are trying to roll over and that would be a plus for stocks. The VIX is also short term overbought so perhaps we'll see that bounce in equities that we're looking for sooner rather than later. We're still dealing with a light volume environment. Asia was mixed and Europe down to begin the week. We'll keep an eye on tonights market activity.