Waiting on the Fed as the Dow slid 49 points on light volume. The advance/declines were negative. The summation index is trying to move higher. Not a lot of price movement today and not a lot of volume. The S&P 500 is move oversold than overbought on a daily basis. There is still a down trend line in place as it has yet to make it back there. I still favor the SPY August puts if we make it back to that line but I could be wrong. Plenty of earnings due this week along with the jobs report on Friday. Wednesday has the Fed and the end of the month. There should be some opportunities but am I up to the task? Gold finished flat on the futures. The US dollar was higher and interest rates finished little changed. The XAU was up a point, while GDX had a fractional gain. The gold shares finished up from the lows of the day. However the volume was very light. GDX is oversold on some of the daily indicators but not at extremes. I still am considering the August calls here if we get to the up trend line at around 35.5. Mentally I'm feeling a bit tired. The VIX was up just a bit today. The short term indicators here are still on the overbought side. Not sure now what's next here for the VIX. Asia was higher and Europe lower to begin the week. We'll keep an eye on tonights developments and see how the markets manage on Tuesday.