Up and down was the norm for this session as the Dow gained 85 points on heavy volume. The advance/declines were 2 to 1 positive. The summation index is moving higher. The Dow had a much better gain but fell apart in the final half hour. The technical picture remains the same, overbought and staying that way. The S&P 500 has reached the top of the Bollinger bands. It will either break through to the upside or get turned back. Perhaps the jobs report tomorrow will be the catalyst one way or the other. No SPY trades for now but I'm still looking at the puts there. GE was up over 1/8 and the volume remains good. Still overbought for GE. Gold was up another ten bucks as the US dollar continues to fall. The XAU fell a point and GDX dropped 1/2. Volume was light. Once again the gold shares are not following the price of gold higher. That isn't a positive for the bulls. However if GDX gets back to being short term oversold again, I will consider the calls there. Mentally I'm feeling OK. The VIX was up a bit again with the market higher as well. This pattern has led to recent declines for stocks. We'll see if that pattern holds true this time around. The short term indicators have turned back up on the VIX. We're overbought and hitting new all time highs on many stock indices. There is no overhead resistance. The trend is and has been up since the beginning of November. There's still plenty of time in the December option cycle for a trade. I'll let tomorrows employment report get digested and go from there. Asia and Europe were mixed in last nights trade. We'll close out the week tomorrow.