The Dow gained 14 points on light volume. We opened higher, went lower, came back and sold off in the last hour. So it was an up and down day. Advance/declines were negative and the overall market was weaker then the Dow. There isn't a clear signal as to which way we go here. As soon as there is I'll take it. Gold was up a couple bucks. The XAU bounced around and ended close to unchanged. ABX was up, NEM was down and the volume was average. We are overbought here. I would like to short these on any more strength. However the more prudent thing to do could be to wait for a pullback to the breakout point and then get long there. We'll see. GE was up around 40 cents on average volume. I don't trust Monday rallies. GE will do better with a weaker dollar because it does a lot of business overseas. There will be a time to buy the calls I just don't think it is now. Mentally I'm a bit hesitant at the moment. The market could do just about anything here. Less then 2 weeks in this option cycle and a Fed meeting in a week. So it's really not a time to be guessing. If something appears by all means take advantage of it. But don't try and make something out of nothing. Is the sub-prime mess over with? If it is, then getting long is the way to go. But if it isn't, anything can happen. The technicals seem to be pointing in the direction that the worst is over. But that can change. So we are at an interesting point in the road. We'll see what tomorrow brings...