The rally has legs as the Dow gained 152 points on better volume. The advance/declines were almost 4 to 1 positive. We are getting back to overbought on the stock indices but aren't quite there yet. I am now debating on whether to purchase the OEX puts or hold off. This rally so far has thin leadership in my opinion. But that doesn't mean things won't broaden out. It's possible that we are on our way to new yearly highs in some indices. The risk of the OEX puts here isn't justified in taking a position at this time. That's my thought at the moment. GE gained 1/3 on good volume the day before the earnings report. Perhaps the market knows something we don't. If we see some good news there tomorrow it could be telling for the market. Or vice versa. Gold fell 10 bucks today and the US dollar lost ground as well. The flight to safety trade is coming off again. The XAU fell 1 1/8. The gold shares were mixed with ABX and NEM sporting fractional gains while GG dropped over a buck. Volume was average. The gold shares are overbought and I'll need to see an oversold reading before getting the calls there. We will see some movement next week on the earnings. Mentally I'm doing OK, slept well enough. Trying to figure out the proper course of action here going forward. Still plenty of time on the August option cycle with the extra week added. The market has the feel of wanting to go higher in my opinion. I could be wrong. Let's see what happens with GE tomorrow and the markets reaction to that.