We got a deal in Europe and the markets responded with the Dow rocketing higher by 340 points on heavy volume. The advance/declines were almost 8 to 1 positive. We were up over 400 before selling came in late in the day. Overbought here now but the trend is up regardless. Summation index moving higher. Declines can still be bought. We have broken through the 200 day moving average convincingly on some of the stock indices. That is bullish. More will follow. You can get long and stay long. GE was up a buck on very heavy volume. The January call trade here that I had in mind has been missed at this point. Maybe I could try it if we get some pullback before the end of the year. But that remains to be seen. If GE is still a proxy for the overall market, than we've got more to go on the upside. I'm a believer in that. Gold was up about 20 bucks as the US dollar got smashed. The European deal led everyone of of the dollar and into the foreign currencies. The XAU rose 5 3/4. ABX up 1 1/8, GG gained 3/4 and NEM tacked on 1/4. The volume in ABX was heavy, just average for GG and NEM. ABX had stellar earnings and my ABX calls are solidly in the black. Overbought here and I probably should have sold them today but the weekly charts look very constructive to the upside. I still may take the profit tomorrow and try to buy them back cheaper next week. But price and volume are moving higher and that is bullish. Mentally I'm a bit tired, did not sleep enough. The stock indices are moving higher post Europe. The question now is what will be the next catalyst to propel us higher? I would expect the indices to take a rest here due to the fact that we are seeing a buying feeding frenzy. We'll see. The ABX trade is one that still has 3 weeks to go but we are pretty overbought right now. I may exit on follow through if we get any tomorrow. We are at the convergence of the 50 and 200 day moving averages here. A pause is to be expected. However if I do exit this trade there are no guarantees that I'll be able to buy the options again cheaper before expiration. Profit or loss, there are no easy trades in the game. We'll wrap up the week tomorrow and the month on Monday.