A fairly quiet start to the week as the Dow gained 32 points on light volume. The advance/declines were positive. Summation index continues higher. The trend is up and we're overbought. That has been the case since the year started. Won't go on like this forever but we continue to grind higher. The news out of Europe today was a non-event for a change. Perhaps the Fed beige book on Wednesday will bring some decent market movement. Or not. GE was up another 1/8 on light volume. I again placed a stop limit order for the day but we never came back to it. Still overextended on the technicals for GE but I continue to hold on as we grind higher here as well. Pretty sure I'll be selling the calls this week. The uptrend line on the daily charts from the beginning of December is still intact. Gold fell a bit today despite weakness in the US dollar. The yellow metal was down around $8 on the futures. The gold shares were mixed with ABX up 1/4, GG rose 3/4 and NEM fell 1/2. Volume was light. I'm still considering some gold share calls for February. The technicals are more overbought than oversold though. So we'll see. Mentally I'm feeling OK, slept good enough. The stock indices have been drifting for about a week with overbought technicals. Not exactly sure how that is going to play out. GE continues to show excellent relative strength and that is one of the reasons for holding on to the calls for so long. However this trade has only 8 days to go before option expiration. Plus the earnings are due on expiration Friday. The risk increases with every passing day but that is always the case in this game. We'll check what the overseas markets do overnight and take it from there.