So we got somewhat of a bounce today as the Dow gained 26 points on light volume.  The advance/declines were almost 3 to 1 positive.  The overall market was stronger than the Dow.  Still oversold on the stock indices.  Lack of volume today and it is hard to trust light volume rallies.  Seems like we're in a waiting mode on Europe and Bernanke.  It's probably still a time to be careful.  I would have expected a larger move to the upside today.  Perhaps we'll get some type of short covering move to the upside later this week.  GE was up about a dime on lighter volume.  I'm considering the July GE calls again but there appears to be no technical support on the charts until another 75 cents down.  So I'm on the sidelines but keeping an eye on things.  Gold was up a couple of bucks today as the US dollar was higher as well.  The flight to safety trade continues to attract capital.  The XAU was up 3/4.  ABX, GG and NEM had fractional moves in either direction.  Volume was lighter than it has been.  I'm leaving in the open order for the GG June call trade.  We are overbought on the gold shares but I'm still a believer that they're going higher.  I could be wrong.  Mentally I'm feeling OK.  The European markets will re-open tonight and we will probably take our cues from there.  I'm still expecting higher prices in the short term for the stock indexes.  But we are still in the headline risk environment.  However the risk could also have a positive outcome if a European Greek rescue plan comes about.  Or not.  That is the problem in the type of trading atmosphere.  Things could go either way.  We'll keep an eye out on what transpires.