We saw some selling in the overall market ahead of tomorrows inflation data as the Dow fell 17 points on light volume. The advance/declines were slightly negative. The summation index is moving in a sideways channel. The overall market was much weaker than the Dow with the NASDAQ once again leading the way lower. That is not a good sign for the bulls. The S&P 500 remains below its 50 day moving average. The short term technicals here are mid-range. Although I do think that tomorrows inflation data may come in hot, it's a guessing game based on the current technical factors what will happen in the market tomorrow. Hence we remain on the sidelines with regards to the SPY. We'll wait to roll into the October option cycle for the next potential trade there. Gold fell $11 on the futures. The US dollar was slightly higher and interest rates held steady. The XAU and GDX finished the day flat on very light volume. The fact that the gold shares didn't decline with gold itself is a positive. However with no volume there is no interest in this sector for now it seems. I still like trying the GDX October calls and my open order for them remains out there. Mentally I'm feeling OK. The VIX was up today and that fits a down market. Still short term oversold here but not at an extreme. Not sure what to expect next here but volatility did pick up today. So it seems the market is holding its breath as it awaits tomorrows consumer inflation report. Thursday will bring producer prices and retail sales data. Plenty for stocks to chew on in the next couple of sessions. It was not a positive development for the market that Apple released its new phone today and it was met with a yawn. We'll just have to see where things go from here. Europe and Asia were mixed in last nights trade. On to Wednesday.