Another mixed bag today as the Dow fell 70 points on light volume. The advance/declines were negative. The summation index is still in a sideways channel. The overall market was positive, with both the NASDAQ and the S&P 500 posting small gains. The market is still undecided on which way to go. We did get a signal last night from the McClellan oscillator for a big move within the next two days. We'll see if that works tomorrow. The inflation data came in about where expected and the market bounced around a bit at the beginning. It spent the rest of the day moving sideways until bouncing around again in the final couple of hours. The S&P is looking for direction as it has been trading sideways for a week. The short term indicators are going sideways as well and are stuck at mid-range. Not sure what will get us going one way or the other but perhaps tomorrows economic data will give us a clue. Gold was off $4 on the futures. The US dollar was slightly higher and interest rates slightly lower on the day. Rates did manage to drop from from earlier gains in the session. The XAU and GDX had slight fractional losses on very light volume. The gold shares are hanging in there despite the drop in the precious metal. I think this bodes well going forward. My open order for the GDX October calls remains in place but at this rate it won't get filled. Mentally I'm feeling OK. The VIX fell today and remains short term oversold. I'm still not sure what to expect here. Once again the market appears to be in a holding pattern. Maybe it's waiting for next weeks Fed meeting to really get going. Only 2 days left in the September option cycle so SPY trades will be on hold. We'll let the rest of the week play itself out and go from there. Europe and Asia finished lower with the exception of India. We'll see if we get that big move telegraphed by the McClellan oscillator tomorrow.