A wait and see session after yesterdays stellar gains.  The Dow rose 20 points on light volume.  The advance/declines were negative.  The technical condition of the market hasn't changed.  Overbought and staying there.  We'll get the employment report tomorrow ahead of a long summer holiday weekend.  We'll see what happens.  GE was up almost 1/4 but the volume was light.  Slightly back above the 50 day moving average here.  Gold was up a buck on the futures as the US dollar was slightly higher.  The XAU rose 1 3/8.  ABX, GG and NEM all had fractional gains on light volume.  I would really prefer to see the gold shares drop back before trying the October calls.  However the market rarely does what you'd like it to.  I may just have to chalk this up to another missed opportunity and look elsewhere for the next trade.  Mentally I'm feeling tired.  Not much else to report really.  The trend in the stock indices remains up.  There is nothing on the horizon to think that the rally can't go on.  Perhaps things will run up into the July expiration and then we'll see where we go from there.  There seems to be plenty of liquidity to go around.  Gold has found buyers.  We never got the snap back return to the near term broken down trend line.  The gold shares went back to out performance today and that is bullish.  Declines are being bought here now and that is the opposite of the preceding price action.  It looks like patience did not pay off this time around.  Tomorrows employment report will key the trading for the day.  It seems like no matter what the result, the market will find a way to view it as bullish.  It is that kind of game for now.  We'll keep an eye on the overnight action and go from there.