Buyers returned today as we did not see follow through selling to yesterdays debacle. It was a tug of war though without any progress one way or the other. The Dow dipped a point on heavy volume. The advance/declines were slighty negative. The summation index is stalling here. Whatever gains we had today were wiped out in the last hour of selling. The NASDAQ did post a gain though and that's a plus. The S&P 500 had a very slight loss. Some of the short term indicators here are trying to turn back up. Still in the short term overbought area for the S&P. No SPY trades for now. Gold dropped twenty bucks on the futures. The US dollar was higher and interest rates were lower. The XAU dropped 1 1/2, while GDX shed 1/4. Volume was light. Some of the short term indicators for GDX are beginning to stall. I'm still looking at the calls here if we see some selling in the gold shares. Perhaps next week as I don't think traders will be dumping gold ahead of a long weekend in the US. Mentally I'm feeling OK. The VIX bounced around today and closed above the 20 level. The indicators here are trying to roll over before getting to mid-range. My guess is that they will head back down as the market moves higher in the near term. The VIX is hard to predict though. We will let Friday pass on by and get ready for next week. Europe and Asia were lower overnight. We'll close out the week tomorrow.