Another day another gain as the Dow rose 96 points on average volume. The advance/declines were about 4 to 1 positive. Overbought, staying there and higher we go. Summation index still moving up. The January option cycle has been pretty good for the calls. 2 days to go before expiration. Nothing in the way of more gains at the moment. GE was up 1/4 on average volume. We'll see what happens when the earnings arrive on Friday morning. Gold was up a few bucks on the futures as the US dollar lost ground again. The XAU was up 1 1/4. ABX and GG were off a nickel, while NEM shed 1/2. Volume was average. I'm still considering the gold share calls for the February option cycle. Mentally I'm feeling tired, did not sleep well or enough. The stock indexes continue to be positive and you cannot fight the trend. We've had a good run since the middle of December. The only question is how long will it last? My guess would be longer than expected. Gold hasn't reached its downtrend line yet. When it does it may be a place to short it. However it also may be the spot where gold simply takes a rest before moving higher. Right now I'm believing the latter scenario. We'll see what happens when we get there.