A little volatility today but the market mostly just hung around as the Dow fell 161 points on good volume. The advance/declines were around 2 to 1 negative. The summation index continues lower. The NASDAQ and S&P 500 ended the day flat. We had a small gap lower at the open followed by a jump at noon. Otherwise it was mostly a sideways affair. I'm not exactly sure what the next catalyst will be. The short term indicators on the S&P have started to move sideways. Gold was off $9 on the futures. The US dollar was slightly higher and interest rates finished mixed. The XAU dipped around 6 points, while GDX shed 1 1/4. Volume was average. GDX bounced off of its 200 day moving average. The short term indicators there are still heading lower. I am still considering the GDX October calls at some point. Mentally I'm feeling OK. The VIX was higher today but down from the best levels on the session. The short term indicators here are trending higher but with no conviction. Not sure exactly what's next for the VIX. The US/China get together hasn't had any surprises yet. The summation index has now crossed the zero line and we haven't seen stocks fall apart. That isn't the normal course of action. Not sure what it means but would still be careful about getting too interested in the long side until the summation index starts moving up. The market breadth is still negative most every session. Europe and Asia were lower with the exception of Japan. We'll close out the trading week tomorrow.