More of the same today as the Dow gained 22 points on light volume.  The advance/declines were positive.  The overall market was weaker than the Dow with both the NASDAQ and S&P 500 lower.  Low volume and lackluster trading are the norm here so far at the end of July in the summer.  I'd still like to wait and see the S&P 500 get over 1700 before trying the OEX puts.  The summation index continues higher and you can't ignore that.  The daily and weekly technicals remain overbought for the stock indices.  That condition has lasted far too long in my opinion.  But you can't fight the trend and the trend remains up.  GE was off 1/8 on light volume.  I don't see any catalysts for this stock now that the earnings have come and gone.  GE will probably follow the overall market from here.  The gold futures were a touch lower on the session as the US dollar was lower as well.  The XAU however climbed 3 1/4.  That remains a positive development for gold followers as the gold shares out perform the metal itself.  ABX, GG and NEM were all up 1/2 or more on good volume.  Short term overbought for the gold shares now but we have broken the first down trend line in numerous issues.  Mentally I'm feeling OK.  I'm still going to try and be patient here for the next trade.  I'm going to purchase some OEX puts for either the August or the September option cycle.  Like I've said before the ideal set up will be with a negative divergence in the RSI or the McClellan oscillator.  Hasn't happened yet.  Gold is showing signs of life and we decisively broke through the $1300 level to the upside.  But gold can be volatile, so keeping the profit is sometimes hard to do.  My October ABX calls are showing a nice profit but we all know how that can change.  AAPL reported earnings after the bell today and it looks like it's getting a pop in the aftermarket hours.  Perhaps that will lead to some type of rally tomorrow.  We'll keep an eye on things overnight and see what happens tomorrow.