Santa Claus is coming to town as the Dow rallied 390 points on expected light volume for the half day session. The advance/declines were 3 to 1 positive. The summation index is still trending lower. The NASDAQ led the way again and that's a plus. The short term indicators for the S&P 500 are moving up. It seems like last weeks steep decline has already been forgotten. At this rate the S&P will hit new all time highs before the new year. Gold was up $5 on the futures. The US dollar was slightly higher and interest rates finished flat. The XAU and GDX had slight moves one way or the other on very light volume. GDX remains short term oversold. Mentally I'm feeling OK. The VIX moved down and is now below both its 50 and 200 day moving averages. Not yet oversold on the short term indicators here. Markets will be closed tomorrow and probably thinly traded for the rest of this week. Europe and Asia finished mixed. Merry Christmas.