Still having problems with this site.  We got some volatility after the Fed minutes but it wasn't all that much.  The summer crowd reactions are usually muted.  The Dow fell 8 points on light volume.  The advance/declines were positive.  The overall market was stronger than the Dow.  The summation index continues higher.  Still overbought and still staying there.  I canceled my open order for the July OEX puts before the Fed minutes.  I might try again tomorrow but who knows?  We seem to be in some sort of upwards drift for the stock indices at the moment.  So the question is why even take the risk on an option trade here?  7 days left in the July cycle.  GE was off a few cents and the volume was light.  No trades in mind here at the moment.  Gold was only up a buck on the futures after being much higher.  The US dollar got crushed on the Fed minutes.  As usual the XAU didn't do much and was off 1/4.  ABX and GG were little changed, while NEM fell 1/2.  Volume continues to be above average for the gold shares.  Either positions are being built or there are way more sellers here than normal.  This, after these issues have already gotten walloped.  My October ABX calls are in the red.  Mentally I'm feeling OK.  Well I've been patient to try and put on this OEX July trade.  However it may not even be worth it.  The rally is still a light volume one and it will fail in my opinion.  The question is when?  As long as the small stocks are in the lead, there is a positive bias to the stock indexes.  I would like to try something before the expiration though.  Gold and the gold shares continue to go nowhere.  Perhaps this October ABX trade was not a good idea again.  Time will tell.  We'll keep an eye as usual on the overnight price action and see what tomorrow brings.