A better jobs report helped for a better stock market as the Dow soared 191 points on light volume.  The advance/declines were better than 2 to 1 positive.  The S&P 500 closed at a new all time high.  It also closed on its high which bodes well for the open on Monday.  The summation index is trying to turn back around to the upside.  Higher prices expected here in the short term and I simply missed this trade.  Perhaps I should have just purchased the SPY August calls yesterday at the price they were offered but retrospect is always correct.  It's where we go from here that counts.  Perhaps a drift higher here will set up a SPY put trade before the August expiration.  GE was up 1/8 and the volume was light.  Still above the 50 day moving average.  Gold fell on the better employment report.  The precious metal futures lost $25 as the US dollar gained as well.  The XAU dropped 3 1/4, while GDX shed a point.  Volume was good.  There's a potential double top here in gold that measures down to the $1250 level.  A solid break of $1310 would be the trigger.  Mentally I'm feeling OK.  There's still 2 weeks to go in the August option cycle.  If we do get to a short term overbought condition next week, I may try the SPY August puts.  However the risk increases with each passing day.  We also cannot discount the possibility that we simply return to the quiet summer doldrums again next week because this market lately has been pretty low volume.  Add that to the lack of volatility and you can see how trying to trade here is tough.  Having just missed this SPY call set up doesn't do much for the confidence factor either.  But on we go as the market game continues.  Probably remaining patient until a decent set up will be the rule as it should be.  Europe and Asia were higher for the most part overnight.  I'll be checking the chart over the weekend as usual.  It's a summer Friday afternoon and time for a break.