Hanging around today as the Dow crept up 6 points today on pretty light volume. The advance /declines were negative. The summation index remains in a sideways channel. Running in place ahead of the Fed on Wednesday is about how to describe todays lack of action on Wall street. The short term technical picture for the S&P 500 remains the same. We do not have a good signal one way or the other for the SPY so we'll remains on the sidelines for now. Gold was up $8 on the futures. The US dollar was a bit lower and interest rates finished flat. The gold shares didn't tag along with gold this time as they were flat on the session. That is not a plus. Volume was light. GDX is getting short term overbought and perhaps the time for the October calls has passed. My order for them is still out there but I am considering abandoning this idea. Mentally I'm feeling tired as I was ill over the weekend. The VIX was up slightly today but remains below its 50 day moving average. The blog is short today as I recover from being sick over the weekend. Europe and Asia were lower to begin the week. We'll see how it goes tomorrow.