A one day reversal to the upside today as the market opened lower and finished higher. The Dow rose 39 points on light volume. The advance/declines were negative. The summation index is still moving sideways. The NASDAQ and S&P 500 posted very slight gains. The short term indicators for the S&P have rolled over but might be beginning to stall. I did place an order for the SPY October puts overnight. It will take some gains to be filled and I'm leaving the order out there. Waiting on the jobs data Friday so I'm not sure what to expect out of tomorrows session. Gold dipped $11 on the futures. The US dollar was higher along with interest rates. The XAU and GDX had slight fractional moves one way or the other on pretty light volume. The short term indicators for GDX are still moving lower and are now at mid-range. Still waiting for GDX to reach short term oversold before thinking about the calls there. Mentally I'm feeling OK. The VIX was lower today and the short term indicators are beginning to stall here as well. Still above the 50 day moving average. Ideal scenario here would be the VIX moves lower and stocks move higher to fill my SPY put order. But then again if the market moves to new all time highs and keeps going the puts are not the place to be. For now I'm sticking with trying the SPY October puts. Asia was somewhat lower and Europe mixed overnight. We'll see what tomorrow brings.