Create Glossy Text

Step1
Create text. I name this layer glossy text.

Step 2
Go to Blending option (layer > layer style > blending option).
Check drop shadow and set attributes value like picture below.

Step 3
Check gradient overlay and set attributes value like picture below.

Step 4
Check stroke and set attributes value like picture below.

Now you have text like this.

Step 5
Press ctrl + mouse left button (MLB) on glossy text layer for marquee the text.

Step 6
Select elliptical marquee tool and press ctrl + shift + MLB.

You will get result like this

Step 7
Create new layer and apply paint bucket tool to fill the marquee. I name this layer glossy.

Step 8
Reduce the opacity to 50%. The final result is like this.

The point in this tutorial is in step 3 and step 7, another step is optional, you can improve it. Thanks have joined in my Photoshop tutorial.