The recent up trend lines held for now as the Dow gained 94 points on light volume.  The advance/declines were a bit better than 2 to 1 positive.  This will slow the drop in the summation index but the summation index isn't really trending one way or the other.  The overall market was stronger than the Dow and that's a plus.  The VIX turned around and is heading back down.  I don't trust light volume rallies and may be looking to purchase some SPY July puts in the beginning of next week.  We are more short term oversold than overbought.  GE was off another 16 cents on good volume.  Not sure what the story is here but we hit a new yearly low.  Gold lost over $10 on the futures as the US dollar was up a bit.  The XAU shed 1 1/2, while GDX lost 1/4.  Volume was average.  I still have the open order in for the longer term ABX calls and will leave it out there.  Could get filled perhaps next week if the decline in gold continues.  I'll take another look over the weekend.  Mentally I'm feeling a bit tired.  The employment report was better than expected and we rallied from the start.  Whether or not it has legs will be determined next week.  We've had quite a bit of selling lately but are still close to new all time highs in some of the major stock indices.  With two weeks to go in the July option cycle, there is still time to put on a trade.  Today was important, because a break here would have led to a lot more selling.  But that could be the case next week if things turn back down and the up trend line is threatened again.  I am kind of leaning towards that scenario but will have to do the work over the weekend to be sure.  I will probably attempt some type of trade next week.  Asia was lower and Europe mixed overnight.  It's Friday afternoon and time for some rest.