It was a day of rest for the markets as the Dow gained 22 points on average volume. The advance/declines were about even. It was a sideways market all day as we digested the huge gain of the previous day. It was quite a good week for the stock indices. The summation index continues higher. I think it's now obvious to everyone that the trend is up. We'll see how long it can last and I expect that it will for a while. GE lost 1/8 on average volume. No trades here for now. I still might try the January calls but I'd have to see the price drop first. Gold fell $3 today as we are digesting the weeks gains here as well. The XAU rose 4 2/3 as the gold shares are outperforming gold itself. That is usually bullish going forward. The US dollar was a bit higher today. ABX and GG both up 1 7/8, while NEM tacked on 2 3/8. Volume was good. Prices are moving higher with volume on the gold shares. That's a positive sign. My ABX calls are now solidly in the black. ABX had its best week to the upside since 2009. The question now becomes when to sell them. The entry on this trade wasn't that good. I'll try to do the exit better. Volume and open interest expanded on some ABX options over the past week as well. That usually implies higher prices. Mentally I'm feeling OK, slept well. The stock indices are in rally mode and the weekly charts suggest higher prices yet to come. Short term we are overbought and staying there. We've got the Fed next week and we may be on hold until then. We also have the end of the month on Monday followed by the usually bullish beginning of the next month. Not to mention the employment report on Friday. So there will be plenty to sift through next week. I have some price targets in mind for the ABX trade but I don't want to get too greedy. However I also don't want to leave too much money on the table either. Things can also turn on a dime in this game. That's something to remember. For now it's a fall Friday afternoon and time for a break.