The market continues higher as the Dow gained 104 points on average volume. The advance/declines were over 4 to 1 higher. This won't go on forever as we are overbought and now overdue for a pause. But the trend is up and there is no denying that fact. Now Europe will report something about fixing their problems on Wednesday. I don't know how that will pan out but whatever the reaction, prices are going higher eventually. Declines can be bought in my opinion. GE was up 1/8 om average volume. We got through the earnings. Now it is a matter of waiting for GE to reach oversold levels. If and when that occurs, I'm still looking at getting some January calls there. Gold was higher today as the US dollar fell. The yellow metal was up $18 on the futures and the XAU gained 8 points. ABX and GG rose 1 2/3, while NEM was up 1 1/4. Volume was light. My ABX calls are almost back to break even. The poor timing on the entry obviously is costing me whatever profit that could have been gained from todays nice up move. I'm still in favor of waiting for the earnings report on Thursday to possibly exit this trade. At least now there is a chance it won't be a loser but that could all change going forward. Mentally I'm feeling OK. The stock indices are overbought and staying there. That in itself is bullish. However we do need to see some type of pause in this straight up kind of action to ensure that the rally has staying power. That's how I see things at the moment. We may be in a holding pattern, waiting on Europe. The ABX trade has taken a turn for the better with todays price action but the volume was weak. I'm going to wait for the earnings later this week to decide what to do. So it's a waiting game there until Thursday. Nothing else on the radar screen at the moment.