A huge move back to the upside today as the Dow gained 198 points on light volume.  The advance/declines were almost 3 to 1 positive.  The employment report was better than expected and the stock indices took off.  We were short term oversold so some upside was due.  The only caveat is the light volume.  We'll see if we get any follow through next week.  The small stocks were relatively weaker today and that could mean something in the days ahead.  We've got the Fed in a couple of weeks and things could get dicey if there are indications that the easy money policy is going away.  I'm not really a believer in todays rally until the summation index turns back up.  GE was up 1/2 but the volume was pretty light.  Maybe this is the beginning of a nice move to the upside but without conviction I can't back that theory.  No trades in GE for now.  Gold was off $3 on the futures despite a good jobs number.  The US dollar didn't do much today.  Interesting market action on the release of an important employment report.  There was some volatility in gold but at the end of the session, not much changed.  The XAU had a slight loss.  ABX, GG and NEM had slight fractional moves one way or the other.  Volume was good for NEM, light for the others.  I did not place another order for the GG January calls.  Still oversold for the gold shares and I may try the calls next week.  Mentally I'm feeling OK.  So the jobs report is out of the way and we go from here.  All appears to be fine for the stock indexes and there isn't a lot of economic data due next week.  It looks like new highs are in the offing.  However I just don't feel like todays move up will last.  The short term oversold condition has been alleviated and we'll see where we go from here.  Gold had an interesting session today but there is still no love for the metal itself or the gold shares.  There is a chance that we are trying to put in a bottom at the $1220 level for gold but we could just as easily head down to $1200 as well.  I'm still considering the GG January calls but this could be the wrong idea as well.  However somebody has taken a huge position there for whatever reason.  I'll be checking all the charts over the weekend.  The next two weeks will see the majority of trading being completed for the year as the holidays will once again soon be upon us.  For now it's Friday afternoon and time for a break.