Just seems like we're marking time here as the Dow added 140 points on light volume. The advance/declines were negative. The summation index is tracking sideways. Not much to say about todays price action or lack there of. Slight gains for both the NASDAQ and the S&P 500. The short term indicators are a little above mid-range for the S&P. Not exactly sure what to expect next here but are we already just waiting for Friday? The Bollinger bands are beginning to contract on the S&P 500 so maybe we'll see some movement by this index in the near future. Gold lost a little more than it gained yesterday as the futures dropped $22. The US dollar finished flat and interest rates continued to fall. The gold shares got spanked as the XAU fell 6 3/8, while GDX lost 1 1/3. Volume was good to the downside. GDX is now back at its 50 day moving average. The short term indicators here are oversold but not extremely so. My open order for the GDX June calls was filled. The calls closed about where I bought them. Now I'm not so sure that I want them as the volume today picking up on the downside is not a good sign. June also tends to be a weak seasonal period for gold at times. We'll see if the 50 day moving average holds it here. Plenty of time for the trade to work but the management of it from here will be the key. Mentally I'm feeling OK. The VIX was up slightly today. The short term indicators are mid-range. The daily candlestick chart here looks like it wants to go lower which be be a plus for stocks. Still above the mid-Bollinger band though. So I'm in the next trade and it doesn't exactly have the feel of the right idea. I suppose we'll at least give it until the jobs report on Friday. Asia was mixed and Europe lower in last evenings trade. We'll keep an eye on the overnight developments.