Selling to start the week as the Dow fell 344 points on light volume. The advance/declines were 4 to 1 negative. This should move the summation index lower. We got a signal from the McClellan oscillator on Friday for a big move within the next two sessions. Today would qualify for the Dow but not the overall market. The S&P 500 only had a slight decline, while the NASDAQ posted a small gain. So we'll see if we get more of an outsized move tomorrow. The technical condition for the S&P remains the same. Short and medium term overbought and staying that way. The rally from the beginnning of August continues and my ideas for some type of decline remain incorrect. I'm on the sidelines for now with regards to the SPY options. Gold was up five bucks on the futures. The US dollar was higher along with interest rates. The XAU had a fractional gain and GDX was barely higher. They both finished well off of the highs for the day. Volume was average. GDX is short term overbought and I'll wait for it to get to oversold before thinking about the calls there again. Mentally I'm feeling OK. The VIX was higher today. It remains above the 50 day moving average. The short term indicators are in oversold territory but not completely so. Not exactly sure what's next for the VIX. I'm in a holding pattern for now when it comes to the next trade as we have just moved into the November option cycle and the premiums are high. Still waiting on the NASDAQ to hit a new all time high and it is getting very close. Europe and Asia were lower overnight. We'll keep an eye on tonights developments.