The Dow gained 20 points today on average volume. Advance/declines were negative. The market tried to sell off today, being negative for most of the day but it came back. The trend is up and that hasn't changed for weeks. We should continue to grind higher in the equity markets. GE gained 33 cents on good volume. Yes, I sold the January calls too early. I did not wait for my target price and we are almost there. Still very overbought here but it doesn't seem to matter. I may want to try these again if we get some type of decline before the earnings on January 21st. Gold got clobbered today, down $44 on the futures. The XAU fell 4 3/4 but was down about twice as much during the day. The gold shares came back with the overall market itself. ABX lost a buck, GG down 1/2 and NEM led the way down by 2 bucks. Volume was good. At least dumping the GG calls yesterday was the right move. The gold shares had lagged the metal itself and the volume on the rise was light. Where we go from here is the next question. The dollar was higher today. If the US dollar has a sustained rally, gold will not be looking good from the long side. I'm on the sidelines there for now. Mentally I'm feeling OK. I'm looking for the next trade but nothing seems like a good set up at the moment. It is hard not to lament what could have been with the GE calls after todays positive action in GE. But you've gotta put it behind you and move on. Win or lose the markets keep moving and they don't take into account anybodies trades. There are still quite a few trading sessions before the January expiration. I'll check things over tonight and go from there.