Digesting the recent gains as the Dow fell 305 points on light volume. The advance/declines were 2 to 1 negative. The summation index is still trending higher. The overall market was stronger than the Dow, with the NASDAQ posting a small gain. The S&P 500 remains short term overbought. The trend is up and has been for months. There doesn't seem to be anything in the way of still yet higher prices going forward. A holiday shortened week coming up for the US. It might find less players than usual as spring break could come into play. We are patiently waiting for a signal to trade the SPY options. Gold dropped about twenty bucks on the futures. The US dollar was higher and interest rates were lower. The XAU slipped 1 2/3 and GDX was off 1/3. Volume was average. The short term indicators for GDX have now rolled over. I'm still in favor of the GDX April calls but the picture has gotten muddy. We may have to wait for GDX to become short term oversold or maybe forget about this idea for now. We'll consider the choices over the weekend. Mentally I'm feeling OK. The VIX was slightly higher today and remains short term oversold. The daily chart looks like it wants to move higher from here but we'll have to see how it goes at the beginning of next week. We'll check the charts over the weekend to try and come up with some type of game plan for next week. Europe and Asia were mixed to end the week. It's Friday afternoon and time for a break.