Stocks got clobbered today as the Dow fell 715 points on good volume. The advance/declines were 4 to 1 negative. The summation index is turning down. The inflation data was slightly worse than expected. We started with a gap lower and never looked back. The NASDAQ led the way down and that is not a plus. The S&P 500 dropped over 110 points as we are headed towards a retest of the recent lows. At this rate they will not hold. The short term indicators for the S&P have rolled over, are heading down and have room to go. Getting pretty far from the 50 day moving average again here but that may not matter. If the summation index continues to the zero line it will get ugly. How do we trade it from here is the question. Gold was up over twenty bucks on the futures. The US dollar was lower along with interest rates. The XAU fell 2 points and GDX lost 1/8. Volume was average. The gold shares opened higher and closed lower for a downside reversal. Perhaps today will lead to a pullback for GDX and maybe we'll get to try the GDX April calls. A move back to the near term up trend line might give us a chance. Mentally I'm feeling as though I'm missing out on opportunity here but the option premiums are so high that taking a chance now is expensive. Missed money is better than lost money they say. The VIX zoomed higher today and is back above 20. The short term indicators here are now moving higher with room to go. We've got Trump tariff news in the middle of next week which should provide even more volatility. Not sure exactly what to expect there. Plenty of work to do over the weekend as I try and develop some type of trading plan for next week. Europe and Asia were both down to finish the week as markets always know more than we do. It's Friday afternoon and time for a break.