Bouncing back for the overall market but the Dow fell 36 points on light volume. The advance/declines were shy of 2 to 1 negative. The summation index remains in a channel. The NASDAQ was up over 1% and that's a plus for the bulls. The S&P 500 gained over thirty points. Some of the short term indicators there have begun to turn back up. However it did close well off of the highs for the session. Gold dipped $19 on the futures. The US dollar was a bit higher as were interest rates. The XAU was off 3 1/2 and GDX fell around 1 1/4. Volume was very light. Some of the short term indicators for GDX are starting to turn lower. I still like the idea for the GDX November calls and my open order remains out there. Mentally I'm feeling OK. The VIX was lower today and its short term indicators have turned down. This is the indicator that I think bears close watching in the near term to determine what is going on here. After jumping above the twenty level on Friday it has now come back down. If it can stay below 20 the market should be OK. However if it rises above 20 again we will be in for more volatility. So it is something to keep an eye on. Plenty of earnings due out this week which could get things going in either direction. Asia was mixed and Europe lower to begin the trading week. We'll keep an eye on this evenings developments.