An upwards drift as the Dow gained 38 points on very light volume. Advance/declines were 3 to 1 positive. The summation index has turned around suggesting that the path of least resistance is higher. We have made it back to the declining tops line on a daily basis that began at the start of the month. If we can get through there perhaps the rally has legs. End of the month when things get going again on Tuesday. GE was flat on light volume. The weekly Bollinger bands have tightened up which could be a precursor of a decent move one way or the other. Not sure what to do there so I'll simply wait it out. The daily chart is oversold though. I'll check things out this weekend. Gold continued higher as the dollar took a good hit today. The precious metal was up $13 today. The XAU gained 3 points. ABX and NEM had fractional gains, while GG was basically flat. Volume was light here once again. Short term overbought now on these issues. However the weekly dollar chart now looks bearish as the recent gains have quickly reversed. That should be supportive for gold. I will also say that the Gold/XAU ratio is still on a buy signal even with the recent strength in gold and the gold shares. So perhaps the June gold share calls are still in order. It's something to consider over the weekend. Mentally I'm feeling OK. Although I'm feeling that I should have gotten some OEX calls this past week. Perhaps I'll try that trade coming up. The thing that bothers me here is the volume. It has been very light for both the overall market and the gold shares. That isn't bullish. However the small stocks have shown good relative strength here leading the way higher and that is bullish. Plus the summation index will turn up with today action. So we have some crosscurrents. Plenty to ponder over the next 3 days. But for now it's Friday afternoon before an extended holiday weekend. Time for a rest.