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I am having trouble with the blog website today.  Hopefully this will post.  The Dow gained 88 points today on average volume.  The advance/declines were positive.  It still has the feel of wanting to move to the upside to me.  We are right at the declining tops lines for the major indices and it looks like they will break through.  Regardless, I have an order in for the July OEX puts.  We're short term overbought and I believe that we'll see some sort of pull back this week.  This trade is strictly short term.  Perhaps the open order will be filled tomorrow.  GE was up a few cents on increasing volume.  Plenty of time to take a position one way or the other here.  We'll see some kind of move on expiration Friday next week with the earnings due.  Gold gained over $20 on the session with the US dollar finishing the day weaker.  I'm still expecting the $1200 level to hold for gold but that's a guess as usual.  The gold shares went the other direction, losing 1 1/2.  ABX was flat, while GG shed 1/2 and NEM dropped 3/4.  Volume continues to remain pretty good for the gold shares.  My October ABX calls are showing a slight loss.  Mentally I'm feeling OK.  The stock indexes are now overbought but they could stay that way as has happened quite often this year.  However I never trust light volume rallies and this one certainly fits the bill.  It is just a matter of it it drops here or goes to the old highs.  The RUT has made a new high and when the small stocks take the lead it is bullish.  The summation index does continue higher as well.  So we'll see.  I could be wrong about trying the OEX puts here.  Gold and the gold shares continue to not be on the same page.  Eventually they will get going together.  They have only gone the same direction when it's been down lately.  The fundamentals for gold really look like they continue to erode.  Contrary to popular opinion puts you long gold here.  We'll keep an eye on the foreign markets tonight and go from there.