The Dow continues its climb as it gained 167 points on average volume.  The advance/declines were slightly positive.  The summation index is trying to roll over.  The overall market was weaker than the Dow.  Good earnings are providing the fuel higher at this point.  The fact that the Dow is once again leading the way is usually a late stage event in a rally.  But you cannot argue with price and there remains no overhead resistance.  The small stocks are not leading the way here either and that is really what you'd like to see.  GE lost 3/8 on very heavy volume.  The selling simply continues here.  I'll wait for the dividend cut to take a longer term call position here.  My guess is that the slashing of the dividend would be the final blow.  There will however probably be some more tax selling in December.  Gold fell a couple bucks and the US dollar was slightly higher again.  The XAU and GDX had fractional losses again on light volume.  No big movement in the metals market lately.  Mentally I'm feeling a bit tired.  The Dow set a new all time high today but all the other major averages lagged.  Conditions remain extremely overbought and I really don't know how long this can go on.  The usual October volatility has yet to appear.  The bearish engulfing pattern remains in place on the daily candlestick chart for the S&P 500.  That implies some sideways action at the least, if not some type of drop.  So we'll have to see how the rest of the week plays out.  Europe and Asia were slightly positive overnight with the exception of the Hang Seng once again.  We'll keep an eye on the overnight developments.