It was a one day downside reversal as stocks opened higher an closed lower to end the month of June. The Dow fell 45 points on end of the quarter heavy volume. The advance/declines were positive. The summation index is beginning to move sideways. The inflation data came in where expected and the market opened higher. After the first half hour sellers took over and things went down from there. Both the NASDAQ and S&P 500 finished lower with the NASDAQ leading the way. The short term indicators on the S&P have turned lower. The daily candlestick charts for the NASDAQ and S&P now look like they want to go lower. I'd expect some beginning of the month money flowing into stocks on Monday but I could be wrong. No SPY trades in mind for now. Gold and the US dollar finished flat on the session. Interest rates were up especially on the long end. The XAU and GDX had fractional losses on light volume. The short term indicators here are now at mid-range so GDX could go either way from here. I still am favoring the calls for GDX but we'll take another look over the weekend. Mentally I'm feeling OK. The VIX was up slightly today which fits with a lower market. The Bollinger bands have gotten tight in a hurry here. Usually that implies some type of big move coming for the underlying symbol. I would guess that would mean a higher VIX going forward since it touched the lower Bollinger band today. That would be a negative for stcoks but it hasn't happened yet. Something to keep an eye on though. I'll go over the charts as usual this weekend before a holiday shortened week. It will probably lead to light volume next week and perhaps not as much trading activity as usual. It makes it that much tougher for the option trading but sitting on the sidelines is a type of position as well. Plenty to ponder over the next couple of days. Asia was mostly higher and Europe mostly lower to finish the month. It's Friday afternoon and time for a break.