Yesterdays decline appears to be a one day wonder as the Dow climbed 224 points on light volume.  The advance/declines were positive.  The summation index is back to trending up.  The NASDAQ hit a new all time high today and that bodes well for the bulls going forward.  The summer rally lives on.  Perhaps we'll get the usual positive bias during expiration week and a run up into next Friday.  The trade tariffs were only good for a day of decline.  Earnings are the focus now and we'll get some from the banking sector tomorrow.  Stocks remain overbought on a short term technical basis.  The S&P 500 is right at the important 2800 level.  Perhaps we'll get through tomorrow.  GE was flat on light volume.  Gold was up a little and so was the US dollar.  The XAU and GDX had slight fractional gains on lighter volume.  I adjusted down my GDX September call order.  I do think that maybe next week will be the time to make this purchase.  Mentally I'm feeling OK.  Buyers showed up today and that is encouraging from the long side.  The volume lately has been pretty weak and that is a concern.  It may just be the summer factor and that wouldn't be a problem.  But if it isn't because of summer then we have the issue of a light volume rally.  Those can never be trusted.  So we'll see how it goes going forward.  I'm still in the rally from 2009 is over camp.  Europe and Asia rebounded last night too.  We'll close out the week tomorrow.