A bit lower to begin the week as the Dow fell 162 points on light volume. The advance/declines were negative. The summation index is beginning to track sideways again. The Dow was the leader lower. The short term indicators for the S&P 500 have rolled over but remain overbought. Not sure what to expect this week as the main events occur on Friday when the market is closed for a holiday. We'll get inflation data and the Fed chairman on the 29th. I am remaining patient or at least trying to with regards to the SPY April options. Gold was up a dozen on the futures. The US dollar was lower and interest rates ticked up. The XAU and GDX had fractional moves higher on light volume. The short term indicators for GDX are now mid-range. Waiting for GDX to get short term oversold but don't know if it will get all the way there. Still plenty of time in the April option cycle. Mentally I'm feeling a bit tired. The VIX was a bit higher today but off from the best levels on the session. Still short term oversold here. Today was somewhat of a listless trading session as it seems as though some traders are taking the short trading week off. So we could be in for a mundane period for the next few days. Asia was generally lower and Europe mixed to start the week. We'll see if things pick up tomorrow.