A one day reversal back to the upside today as the Dow gained 52 points on light volume.  The advance/declines were slightly positive.  The summation index continues to the upside.  The overall market remains much stronger than the Dow and that is a plus.  Stocks got a bump after the Fed minutes were released.  We're still short term overbought for the major indices but there are no signs of a sell off on the horizon.  In fact today may have been the opportunity to buy some SPY June calls but I'm sitting things out until next week.  GE got slammed on comments from the CEO about the company.  It fell 1 1/8 on extremely heavy volume.  I'm staying away from this one for a while.  Gold was little changed again but the US dollar did move up a little.  The XAU was up a point, while GDX gained about 1/4.  Volume was average.  Mentally I'm feeling OK.  Just hanging around for the past week or so as the market decides which way to go out of this small consolidation.  It appears that we'll be heading higher after todays price action.  I'm on the sidelines for now as I'll let some of the time premium exit the June options.  It looks like my next trade could be the SPY June puts at some point since we are already overbought.  The timing as always will be the challenge.  But for now it's a watch and wait attitude for me.  Getting some confidence back after the latest trading debacle is one of the keys.  With a long weekend coming up there's no reason for me to take a position at the moment.  Europe and Asia were lower last night.  We'll keep an eye out on the overnight action.