We got a snap back today as the Dow gained 78 points on light volume. The advance/declines were almost 4 to 1 positive. I don't think you can read too much into todays action. It was a light volume affair. The McClellan oscillator had gotten very negative and a bounce was warranted. Tomorrow should be a waiting for Fridays employment numbers session. No OEX trades in mind at the moment. GE was up 1/3 on average volume. That could bode well for the overall market going forward. Or not. GE is trying to hold up at its 50 day moving average on the daily charts. Gold was up over $10 today as the US dollar fell a bit. Another snap back here as well. The XAU was down almost 1/4. ABX was flat on the day, GG fell 1/4 and NEM off 1/2. I'm still holding the ABX calls and they are in the red. The gold shares never got going today like the overall stock indices. I never had a chance to exit the trade at break even or a profit. The daily chart on ABX is potentially putting in a bottom, with 2 bullish candlesticks. The Gold/XAU ratio is still flashing a buy signal. So we'll see what happens. Mentally I'm feeling a bit tired, could have slept longer. So it looks like I'll be waiting for the employment report on Friday along with everyone else. I think the ABX trade could actually work out but the price action tomorrow will be important. I will probably dump the calls if they get back to a profit. The gold shares are still oversold and there is a Gold/XAU ratio buy signal. If that doesn't signal higher gold share prices coming, I don't know what does.