The Dow was up another 19 points on good volume to close above 12000 for the first time. Advance/declines were positive. Got a sell signal on the McClellan oscillator last night and I had to fight myself not to buy any puts today. Expiration tomorrow. I will be pleased if I can stop myself from doing something stupid. The sell signals lately have just not worked and it doesn't look like that one will either but we'll see. It's a momentum market and the usual things just won't work. Gold was up $10 today and the XAU rose over 4 points. Volume was good. It looks like I have missed the boat here. But that's what happens when you've had so many bad trades. You just get into a funk and you really need some thing to break out of it. ABX moved much higher and the calls have gotten away from me. There is a slight possibility that I might move to a higher strike price but that remains to be seen. There is a ton of premium in the calls so I think that everybody knows that they will work. Perhaps it has to do with the upcoming earnings. I don't know but I am going to keep an eye on them and if I get the chance that will be the next trade. Mentally I'm not in a good place missing out on the gold. However I may get a chance there and might switch to NEM. The relative strength is with Barrick though and that really should be the play. Not much else on the radar. Fed next wednesday. We will probably be in a holding pattern until then after tomorrow. Google after the bell and it looks like it's in a rally. However Sandisk looks like it's getting killed. Who knows?