We traded lower for most of the day and then rallied in the final hour for a gain of 38 points on the Dow. Advance/declines were over 2 to 1 positive. The volume was light though. We are starting to break through the daily downtrend line on the S&P 500 but the volume will need to pick up. If we continue with a light volume rally here then I will be looking to get some OEX puts next week. GE had a fractional loss on light volume and I'm leaving in the open order for the July calls. I'm going to reevaluate this trade over the weekend. Perhaps there just isn't enough volatility or price movement in GE to warrant the risk of the trade. We'll see. Gold rose $8 today, while the XAU was up 1/3. ABX, GG and NEM had fractional moves one way or the other on very light volume. Here is a case where the interest could wane for the gold shares unless there is some global instability. The dollar was up a bit today but it too is overbought and due for a rest or a pullback. Normally that would be supportive for gold, however these haven't been normal times. If the flight to safety trade loses popularity, then gold will fall. Hasn't happened yet. Mentally I'm feeling fine, slept well. It really looks like the market wants to hold up here and that would tie in with the summation index turning around. I'm not saying that there's going to be some rip roaring rally but at least the decline in the indices should stop for a while. I'm still calling for sideways to higher for at least a month or so. But as always that's a guess and subject to revision going forward. I'm going to have to go over the charts this weekend and have a plan of attack ready for next week. It will be option expiration week so anything can and will happen. For now it's Friday afternoon and time for a rest.