Back to hanging around again as the Dow lost 42 points on light volume. The advance/declines were negative. The summation index is trying to turn around. Not much movement in the major averages with the exception of the TRAN which had a big drop. The S&P 500 remains below its 50 day moving average but the short term indicators have turned back up. GDP out tomorrow and that may be a market mover. More so the inflation data out on Friday. Remaining patient for now with regards to the SPY May options. Gold fell $10 on the futures. The US dollar was up slightly along with interest rates. Both the XAU and GDX finished little changed on light volume. My open order for the GDX May calls remains out there. The gold shares are holding up for now despite the drop in gold itself. That should be a plus going forward. Mentally I'm feeling OK. The VIX was just a bit lower today. Not sure what's next here for the VIX. Volatility has come down from recent levels as it seems like the market is simply waiting for Fridays inflation numbers. Asia higher and Europe lower overnight. We'll keep an eye on tonights headlines.