Moving up today as the Dow gained 27 points on light volume.  The advance/declines were positive.  This should turn the summation index back up but not decidedly so.  The Dow didn't tell the whole story though as the overall market was much stronger.  Short term down trend lines have been broken to the upside on many indices now.  Are we on our way back to new time highs?  Could be but the volume here is thin and I never trust light volume rallies.  There was a case to be made for a short term rally and we're in one now.  But all the players will be back next week and we'll see what transpires then.  GE fell over 1/8 on average volume.  Here's a stock that nobody wants to own at the moment.  Gold dropped $5 on the futures which wasn't bad considering the rise in the US dollar.  A strong revision to the GDP report helped the dollar along.  The XAU shed 1 1/4, while GDX lost 1/4.  Volume was light.  Mentally I'm feeling OK.  I still have in my open order for the SPY September puts.  This may not be the right idea as the market still has the feel of wanting to go higher.  However we are getting short term overbought on some of the stock indices and the seasonality still favors the downside.  But I may simply cancel this order and wait until next week as well.  I haven't yet made up my mind.  End of the month tomorrow and that may bring in some volatility.  The employment report on Friday is really the next thing to trade off of.  Again, I'm not exactly sure what to do here but we'll be getting a short term sell signal rather soon if we keep on moving up.  The RUT led the way down and it's now leading the way up.  The down trend line for the S&P 500 moved to the 2450 level and we got through there today.  There's some resistance at 2470 and that is perhaps the level to try the puts now.  That's a guess as usual.  Europe and Asia were both up last night.  We'll keep an eye on the overnight developments.