July begins to the upside as the Dow gained 131 points on light volume. The advance/declines were around 2 to 1 positive. The summation index is trying to turn back up. The S&P 500 was the strongest of the major averages and set another new all time high. Overbought, staying that way and there is no overhead resistance. We'll see how things go with the jobs report tomorrow ahead of a long weekend. My order for the SPY July puts was filled today. They are about where I bought them. This could be a trade that I simply exit tomorrow regardless if we're up or down. Some of the indicators are hitting extreme overbought levels but that is usually a sign of strength. We'll see how it goes. GE was up a few cents and the volume was light. Gold was up five bucks, interest rates were a bit higher along with the US dollar. The XAU and GDX had slight fractional losses after opening higher. Volume was pretty light. Remaining oversold for the gold shares as they have been for weeks. I thought that perhaps a bottom was being put in but there isn't any interest in owning the gold shares. Mentally I'm feeling OK. The VIX was lower today and had a tight range. Low volatility is generally positive for stock prices. The TRAN and the Russell 2000 had good sessions. The NASDAQ was a laggard. Just waiting on the reaction to the employment report for now. That will determine if this SPY July put trade succeeds or fails most likely. Strength for the S&P ahead of this report usually means more gains to come. We'll see. Asia lower, Europe higher overnight. All eyes and ears on the jobs report tomorrow.