Still moving higher although we closed off of the best levels of the day as the Dow gained 60 points on light volume. The advance/declines were positive. We opened up over 100 points and then had a steady erosion throughout the day. No real news to report. The technicals remain the same. There is nothing to suggest at the moment that we just won't continue to grind higher. GE was off 1/8 on light volume. There is really no need to attempt to trade ahead of the earnings that are due Friday morning. The technicals remain overbought as they have been for weeks. The risk of attempting a short term trade here is too high. I will try and remain on the sidelines with regards to GE for now. Gold had a good day, the futures gained over $20 as the US dollar was weaker today. However the gold shares did not follow, as the XAU lost 3 points. ABX and GG lost about 1/3 or so. NEM was the big loser, off 2 1/2. Volume on the gold shares was average to good. Not exactly sure what is going on here but I'm still considering the gold share calls for February as my next trade. If and when the technicals get oversold and the Gold/XAU ratio flashes a buy signal. Patience is required. Mentally I'm feeling OK. 3 days left in the January option cycle and I have no trades in mind. I'm still of the belief that expiration week will have its usual positive bias. After that, who knows? Plenty of economic data out in the next couple of days and there's always the possibility of some type of headline out of Europe. We'll look for the markets reaction to the numbers and news. Take your cues from there.