The upwards grind continues as the Dow gained 33 points on light volume. The advance/declines were positive. Nothing technically has changed. We continue to be overbought and moving higher. The song remains the same. Very overbought on a daily basis. I've been expecting a pullback in the stock indices for quite some time and it really hasn't happened. GE was up 1/8 on light volume. Still stuck in a trading range and awaiting the breakout one way or the other. Gold was up $23 on the futures today as the US dollar took a hit. The XAU fell a point though as it failed to follow the precious metal higher. Not exactly sure what that means going forward but it usually isn't bullish. ABX and GG had fractional gains, while NEM was flat. Volume was light. I am keeping the open order in for the February ABX calls. The open interest expanded a bit on the February 50 ABX calls from yesterdays volume. Todays volume on this option was huge as well. Time is running out here though but with the earnings report coming out next week, anything can happen. Mentally I'm feeling OK. There isn't much else to say as far as the stock market is concerned. Continuing higher along with the summation index. Gold had a nice snap back and we'll have to see if we can take out the recent highs there. If not, we may be setting up a short term top but I don't think that is the case. The recent dollar weakness is supportive to the price of gold and it looks like the dollar could fall a little further. We'll see.