A new month and a new all-time high in the Dow. We rose 191 points today on good volume. Advance/declines were 3 to 1 positive. We never got a break to buy some OEX calls at reasonable prices. And so it goes. We are going higher. The summation index continues to the upside. Beginning of the month and quarter money flows are evident. Any pullback can be bought. Gold was up 4 bucks and the XAU rose over 4 points. ABX and NEM were both higher. I do have an open order in for some ABX puts. I do believe the run in gold here is about to take a rest. The technicals are overblown to the upside and have been for a while. It could continue this way but the odds are against it. So we'll see. The dollar won't drop forever either but it could continue lower a bit more in the near term. GE was up 60 cents on heavy volume. This issue too, is very overbought and has been for a while. I don't want to short it though and would look to buy weakness. The earnings are due out at some point in October. Mentally I'm feeling OK, got a good nights sleep. I have no doubts that the trend is higher for US equities. At some point we will take a break and that will give the chance to purchase some OEX calls. I think it will happen this month before expiration but you never know. The premiums are still too high for me at the moment. That will change at some point. In the meantime, patience is the key.