The beat goes on as the Dow rose another 25 points on light volume today.  The advance/declines were positive.  Extremely overbought now but that doesn't mean that we can't go higher.  What it does mean is that we are probably getting close to a point where the stock indexes will want to take a rest.  The summation index continues to the upside though.  I still feel that the best course of action would be inaction for now.  There's also an extra week on the September option cycle so the option premiums will be pricey.  Patience is recommended.  GE was off a bit on light volume.  We've been basically moving sideways here for a month.  The technicals for GE remain overbought.  Perhaps the calls will be in order when we get oversold.  Gold was little changed on the day as the US dollar was higher.  The XAU fell 2/3.  ABX, GG and NEM had fractional moves one way or the other on light volume.  The technicals here are overbought and look like they are about to roll over.  My ABX October calls are at break even.  I am going to have to seriously consider getting rid of them next week in hopes of buying them back cheaper later on.  The weekly charts still look good here but the dailies are overbought.  It's something to ponder over the weekend.  Mentally I'm a bit tired.  It's been a nice summer rally for the stock indices.  However nothing lasts forever and the volume hasn't been anything to write home about.  I am also hearing analysts on TV that are all bullish and they are rarely correct.  The CBOE call/put ratio is also the highest that it's been in quite some time.  So I would not be thinking that we are just going to continue moving higher.  But I could be wrong and often am.  I still like the gold shares going forward but they may need to take a rest as well.  Speaking of taking a rest, it's Friday on a hot summer afternoon and time for a break.