Back to the upside today as the Dow gained 51 points on light volume.  the advance/declines were 2 to 1 positive.  The summation index is trying to turn back up but is still trending sideways.  The overall market was much stronger than the Dow.  The S&P 500 and the NASDAQ set new all time highs again.  GDP was lower than the 1st quarter but that was expected.  Earnings drove things up today just like they took us lower yesterday.  That is the trading environment that we're in.  GE was up a few cents on very light volume.  Gold was up a few bucks and the US dollar was higher as well.  The XAU and GDX had fractional losses on light volume.  GDX remains short term overbought but has come off of the best levels there.  Mentally I'm feeling OK.  The overall market remains overbought as well but in rallies it simply stays that way.  That has been the case for this summer rally thus far.  We'll get the Fed on Wednesday and that will be a market mover.  The employment report then comes out on Friday.  Not sure what effect that will have unless the number is completely out of whack.  We'll have earnings to contend with as well.  I'm still considering the SPY August puts on a valid sell signal.  I'm also looking at a longer term view of the S&P 500 and a possible megaphone formation may be taking place.  That has downside implications.  The longer term gold share calls are still on my radar but we haven't gotten to oversold yet.  A lot will be determined once we get the fed out of the way and the markets reaction to that.  I'm still on the sidelines but if a proper set up appears, I'm ready to go.  Asia lower and Europe higher to finish the week.  It's Friday afternoon and time for a rest.