Bouncing around today to another mixed bag finish but the Dow gained 221 points on average volume. The advance/declines were 3 to 1 positive. The summation index is trying to turn around. The NASDAQ was lower again and the S&P 500 had another slight gain. A lot will hinge on tomorrrows inflation report in my view. If it comes in strong things will get ugly. If it comes in weak we could see a nice up move as short covering will be required. Of course I'm hoping for the latter as I'm still holding on to the SPY January calls at a loss. We did manage to break the shortest down trend line in the S&P today but could not get any traction beyond that. The short term indicators for the S&P remain oversold but not completely so. We'll see what happens tomorrow morning and take it from there. Gold rose $13 on the futures. The US dollar was lower and interest rates remained flat. The XAU was up 3 3/4, while GDX climbed 7/8. Volume was light. The short term indicators for GDX turned back up. Mentally I'm feeling a bit tired. The shorter term trading usually requires more attention than a longer term idea. The VIX was lower today but some of the short term indicators are still pointing up. Not sure what to expect next here as the VIX is above both its 50 and 200 day moving averages but below the 20 level. Asia was higher with the exception of Japan and Europe up as well except for the FTSE. I'll keep an eye on the overnight developments and try to manage whatever tomorrow brings.