We got another headline event today but this time it was to the upside.  The Dow soared 277 points on good volume.  The advance/declines were 6 to 1 positive.  Europes problems are solved for now according to todays headlines.  The summit meeting has produced an agreement that the markets like.  It doesn't matter today if it actually works or not.  The summer rally lives on.  The stock indices are breaking through short term resistance lines and higher prices are still on the horizon.  You can't argue with price and volume.  Purchasing calls is the way to go here.  GE was up 2/3 on heavy volume and we have broken through the longer term resistance here going back a year and a half.  The short term technicals are overbought and have been for weeks.  Any pullback here can be bought.  The action in GE is bullish for the overall market also.  Gold soared today as well when the US dollar got clobbered on the European headlines.  The futures gained over $50.  The XAU only rose 5 points though as the gold shares have once again underperformed the metal lately.  That usually isn't bullish going forward for the gold shares.  ABX, GG and NEM were all higher by at least 1 1/3.  The volume was nothing special.  The ABX calls I have are in the black.  I also noticed some extremely high volume in some of the ABX call options.  Not exactly sure what that means.  Mentally I'm feeling OK.  Some of my ideas have panned out lately but I haven't cashed in on them.  That is really all that matters in this game.  However I did think that things would slow down here and they certainly haven't done that.  The stock indexes are going to go higher here, my guess is at least for the next 3 weeks before the July option expiration.  Declines can be bought.  The daily gold share charts look like there is plenty of room to move to the upside as the technicals are closer to the oversold side.  But anything can and will happen.  I'm not sure how long I will hold on the the ABX call trade.  I will have to check the charts over the weekend.  For now it's Friday afternoon and time for a rest.