Inflation data came in where expected but the market still sold off as the Dow fell 92 points on average volume. The advance/declines were slightly negative. The summation index remains in a sideways channel. The overall market was much weaker than the Dow, with the NASDAQ leading the way lower. That is not a positive. We opened with a gap down and stayed lower thoughout the session. The short term indicators for the S&P 500 have turned lower. The Bollinger bands here are starting to tighten. My open order for the SPY September puts did not come close to being filled and I'm leaving it out there. Might have to adjust it again next week. Gold was up $42 on the futures to close at a new all time high. The US dollar finished about unchanged and interest rates closed mixed. The XAU gained 6 7/8 and GDX was up 1 7/8. Volume was about average. GDX is still short term overbought and far from its 50 day moving average. Not sure how much longer that can go on. I still think the gold shares are ovedue for a rest but the market knows more than I do. Mentally I'm feeling OK. The VIX was higher today which fits a down market. The short term indicators here have again turned up. Not sure what's next for the VIX. We made it through the week and now there's an extra day off for Labor day. All the players should be at their desks on Tuesday. I'm still in favor of some SPY puts although it could already be too late. We'll see. Plenty of charts to check over the weekend. Not sure if todays selling was the start of something sustained to the downside or just an end of the month issue. Perhaps inflation data related. Plenty to ponder in the next few days. Asia was mixed again and Europe lower to close out the week. Its Friday afternoon and time for a rest.