The market tried to sell off this morning but buyers stepped in and we closed the day down only 6 points on the Dow. We were down over 100 early. The advance/declines were almost 2 to 1 negative and the volume was weak. We are getting to a point where perhaps we will see some type of pullback in the stock indices. However with the beginning of the month money flows coming in soon, the picture is mixed at best. Any decline can still be purchased in my opinion. The summation index continues higher. GE was off 1/8 on light volume. I'm now looking at the March calls here. No hurry to purchase them though. Maybe at some point in February if we get oversold on a daily basis. Gold fell a touch today on the futures as the US dollar was higher. The XAU was off 1 2/3. ABX and NEM lost 1/3 and GG fell 2/3. Volume was light. I think we are consolidating the recent huge gains in the gold shares and will then move higher. I have an open order in for some ABX February calls. Gold and the gold shares followed the overall market being lower in the morning and then fighting their way back. Mentally I'm feeling OK. Haven't had any real news out of Europe lately and that has contributed to the rise in the stock indexes. It has remained in the background. That could change at any moment and must be kept in mind. Plenty of economic data out this week capped off by the employment report on Friday. We'll see what tomorrow brings.