Moving along to the upside as the Dow rose 74 points on average volume.  The advance/declines were positive.  The summation index continues higher.  Still moving towards linger term resistance for the S&P 500.  A closer look says that it's between 2050 and 2080.  We should get a pause when we get there.  Overbought here in the short term but the medium term indicators have plenty of room to go higher.  GE gained almost a buck on very heavy volume.  We're at yearly highs here with no overhead resistance.  The earnings were liked by the street.  The November call trade here was missed.  However if we pull back to the previous highs at $28, there may be a call trade there.  Just a thought, not completely sure.  Gold was off $11 on the futures as the US dollar was a bit higher.  The XAU dropped almost 2 points and GDX lost 1/2.  Volume was average.  Overbought here and due for a rest.  The fundamentals for gold haven't changed and they are not really bullish.  Mentally I'm feeling OK.  Not much to do here except watch and wait with respect to the SPY.  November has an extra week in the option cycle and the premiums are high.  The technicals remain overbought on the short term and that will have to work itself out before taking on the next position.  I'm still bullish on equities as we had a 10% move down and have moved nicely off of a double bottom.  The next thing that we have to deal with is the market reaction when we hit resistance.  I still think that declines can be bought.  However we have basically had a straight line up since the beginning of October.  I'll continue to keep an eye on things in pursuit of the next opportunity.  But right now it appears that watching and waiting is the best course of action.  I could be wrong.  Gold has found some positive interest lately but I'm not sure how long it can last.  Overbought short term here as well.  I'll be checking all the charts over the weekend as usual.  For now it's Friday afternoon and time for a break.