Sideways was the theme for the day as the Dow fell 155 points on average volume. The advance/declines were positive. The summation index is beginning to track sideways. The Dow was the leader to the downside as both the NASDAQ and S&P 500 posted small losses. The short term indicators for the S&P remain at mid-range. For me at this point it's a waiting game as I would like to try the SPY puts on a return to the down trend line. Whether or not the market makes it back there is the question. If the S&P forms a decent bottom on the daily chart that down trend line might not hold prices. There is no reason to attmept a trade this week with only two days left in the April option cycle. Gold was up $18 on the futures. The US dollar was higher and interest rates finished flat. The XAU added 1 1/4 and GDX was up 1/2. Volume was light for a change here. GDX is short term overbought. We are in a wait and see mode here. Mentally I'm feeling a bit tired. The VIX was a bit lower today which doesn't fit with a weaker market. The short term indicators on the VIX are trying to trend lower. Ideally the VIX would continue down and stocks continue up to the daily chart down trend line and we try the SPY puts. Markets rarely cooperate. Europe and Asia were up overnight. We'll see what tomorrow brings.