Another mixed picture today as the Dow fell 316 points on heavy volume. The advance/declines were almost 2 to 1 negative. The summation index is moving sideways. Both the NASDAQ and S&P 500 had slight gains but were higher during the session. Running in place would be an apt description for the overall market. I thought that the Dow would follow through today to new all time highs but that wasn't the case. The S&P 500 remains short term overbought on the indicators and is due for some kind of selling here. I still favor the SPY August puts at some point. Gold was off $23 today. The US dollar was higher along with interest rates. The XAU was down 2 1/4 and GDX lost 1/2. Volume was light. The short term indicators for GDX are trying to roll over. Mentally I'm feeling OK. The VIX finished flat today and is hugging its lower Bollinger band line. Short term oversold here. Not sure exactly what to expect next with this indicator. Almost done with this week and that was one of the goals to try to do before the next trade. We've got the Fed, inflation data and the jobs report next week so things will be moving. Throw in earnings reports and the August 1st tariff deadline as well. So it should be quite a week for the markets. Europe and Asia were up with the exceptions of India and France. We'll close out the trading week tomorrow.