More selling today as sellers continue to have the upper hand and the Dow fell 174 points on heavy volume. The advance/declines were better than 2 to 1 negative. The summation index is moving down. The NASDAQ barely led things lower followed by the S&P. The short term indicators for the S&P 500 have now rolled over with room to go. They are close to the mid-range level though and that has stopped every minor decline that we've seen on the way up. So if things hold up here we would have to figure that the selling is done for now. If not then we may actually see some kind of correction or extended decline. Tomorrow should tell a lot when the market reacts to the inflation data. Gold was up ten bucks on the futures. The US dollar was higher and interest rates moved up as well. The XAU gained 2 2/3 and GDX added 3/4. Volume was about average. GDX remains short term overbought and we are still considering the October puts here on a move back to the 75 level. Mentally I'm feeling a bit tired. The VIX was up today which fits with a down market. The short term indicators are on the overbought side of things but not completely so. I think the VIX could go either way here. Again, a lot will have to do with how the market reacts to the inflation data tomorrow. No idea how that will shape up so we'll watch and wait for now. Europe and Asia finished lower with the exception of Japan. We'll close out the trading week tomorrow.