Sellers returned today as the Dow fell 382 points on average volume. The advance/declines were around 4 to 1 negative. This will have the summation index moving sideways. The Dow led the way lower and that isn't the most bearish scenario. Waiting on tomorrows inflation data. The S&P 500 remains short term overbought. We are in a watch and wait mode for now. Gold continues to fall as the futures dropped another ten bucks. The US dollar was higher along with interest rates. The XAU shed 2 1/4, while GDX was off over 1/2. Volume was heavy again to the downside. GDX remains short term oversold and below the lower Bollinger band. Looks like it's on the way to the 200 day moving average. Mentally I'm feeling OK. The VIX was lower today and that doesn't fit with a down market. Short term oversold and staying there for the VIX. My guess is that it continues sideways to lower for the rest of this week. Not much else to report today. Moving on from yesterdays loss. Haven't seen the usual option expiration week positive bias yet. Asia and Europe were down in last nights trading. We'll see what Wednesday has to offer.