A good start to the week for the bulls as the Dow rose 178 points on light volume.  The advance/declines were almost 2 to 1 positive.  The summation index continues higher.  The VIX is now below 13.  RUT hit a new all time high and the NASDAQ appears to be ready to break out.  The S&P 500 is the laggard here.  I did place an open order for some SPY June puts again if we see a rally to the 2760 level.  However with the trend so strongly in favor of higher prices now, I may cancel this order tonight.  The short term technical indicators remain overbought.  But that can continue as prices move up.  The TRAN was lower today but that may not mean anything.  GE was off over 1/3 on good volume.  GE closed back below its 50 day moving average.  Gold was off a couple bucks while the US dollar was a little lower.  The XAU and GDX were both a bit lower on very light volume.  Mentally I'm feeling OK.  Only nine days left in the June option cycle.  I'm trying to figure out if the powers that be are simply going to run things up here into expiration.  It is a possibility.  The light volume today may or may not be a concern.  We do already seem to be in summer mode for the market.  I am trying this SPY put trade because we are overbought and the media seems rather bullish at the moment.  The VIX is also lower than it has been lately and could be due for a snap back to the upside.  There is some economic data due out this week but the real story may lie in next weeks Fed announcement and the markets reaction to it.  There's also the geo-political background of the US/North Korea summit on the 12th.  If it actually happens.  So there are potential market movers but they are not until next week.  I'll look things over again tonight and decide what to do with the open order.  Europe and Asia were higher overnight.  We'll keep an eye on the late night developments.