An expiration upward drift as the Dow gained 75 points on average volume. The advance/declines were just about even. Short term overbought now and I would expect some type of pullback in the beginning of next week. The summation index is moving higher and the trend is up. The major stock indices are still in the consolidation zones from the recent August decline. However the small cap indices have broken out to the upside. They are usually the leaders going up or down. Therefore I would expect the other stock indices to follow. We'll see. GE was up 1/4 on OK volume. We are at the top of the congestion zone here as well and it is something to keep an eye on. If GE breaks out I would expect the stock indices to follow. Gold made a comeback today, up $33 on the futures. The XAU rose 2 1/3. ABX up 3/4, GG higher by 7/8 and NEM gained 1 3/8. Volume was light. The US dollar bounced back today as well. Not exactly sure of what to make of things here with gold. The daily gold share candlestick charts do look constructive to the upside though. The gold share calls could be my next trade. I would like to own the calls ahead of the next earnings reports. Mentally I'm feeling OK. It wasn't a good trading week for me but I suppose it could have been worse. The market wants to go higher here it seems. You cannot fight that. However we are in an event driven marketplace and Europe is the driving force at the moment. So we'll see if any news comes out over the weekend and go from there. The option premiums will be pricey for October going from here. It's Friday afternoon and close to the end of summer. Time for a break.