We had one day downside reversals for most of the major averages today as the Dow fell 307 points on heavy volume. The advance/declines were negative. The summation index is still stuck in a channel. The Dow led things lower and that isn't the most bearish scenario. Still at the mercy of the next war headline and now there's earnings season to deal with as well. The short term indicators for the S&P 500 are still heading down and are not yet completely oversold. No trades in mind here yet as we don't have any technical signals in place. Gold dipped $8 on the futures. The US dollar was a bit higher as were interest rates. The XAU was down 1 1/3, while GDX slupped 1/2. Volume remains light here. The short term indicators for GDX are trending sideways in oversold territory as buyers are yet to be found. That said, we did see on the longer term charts that one of our preferred indicators for GDX is getting close to a buy signal. If that signal is hit I will be trying the GDX calls again. Hasn't happened yet but we are keeping an eye on it. Mentally I'm feeling OK. The VIX was a touch lower today which doesn't fit with a down market. Some of the short term indicators here are now moving sideways and are not yet overbought. Not sure what's next for the VIX. Getting close to the 20 level but still shy of it. If the VIX gets above 20 we'll see more volatility. No summer doldrums so far for this year. Asia and Europe were mixed overnight. We'll keep and eye on tonights developments.