Sellers took over today as the Dow dropped 332 points on light volume. The advance/declines were 5 to 1 negative. The summation index is back to tracking sideways. The NASDAQ led the way lower. The S&P 500 couldn't make it above its 50 day moving average. The short term indicators here have rolled over with room to go lower. Waiting on earnings and the next shoe to drop in the Middle East. I'm not sure what is next near term for the stock market. We'll remain on the sidelines regarding the SPY for now. Gold rallied as the futures were up $28. The US dollar was higher along with interest rates. The gold shares did not go along for the ride with gold and that is not a plus. GDX opened with a gap to the upside and sold off for the rest of the session. The XAU and GDX had fractional losses on better than average volume. My GDX call positions lost some ground today. Just two days left here in this trade. Not sure why I'm still holding on to them considering todays negative price action. However the geo-politcal backdrop is about as good as it gets for flight to safety havens and gold is proving to be one this time around. Probably should exit the position tomorrow. We'll see. It appears the gold shares followed the overall market lower today. Mentally I'm feeling OK. The VIX was up today which fits a down market. Getting close to the 20 level and if it gets above there we'll really see some fireworks. Hasn't happened yet and I'm not saying that it will. The short term indicators here have room to go either way. Europe and Asia were lower overnight. We'll see what tomorrow brings.