Holiday mode in the market for now as the Dow rose 227 points on good volume. The advance/declines were positive. The summation index is trying to move higher. The S&P led things higher today. We did get a signal from the McClellan oscillator on Friday for a big move within the next two sessions. Not sure if today qualifies so we'll see how things go tomorrow. It really looks like the S&P is just going to push on to new all time highs again this week but you never know for sure in this game. The short term indicators are moving higher and some have room to go. The weekly S&P 500 chart is overbought. The lagging NASDAQ is a concern. But we are in a seasonal positive period for stocks. Gold jumped $90 to a new all time high on the futures as it closes in on $4500. The US dollar was lower and interest rates were up a bit. The XAU climbed 10 3/4, while GDX was up 3 points. Volume was a bit above average. GDX is short term overbought and staying that way. Mentally I'm feeling OK. The VIX was lower today and is almost at 14. The low reading for the VIX suggests that the market rally will continue. The short term indicators here are oversold or almost there. We are patiently waiting for the next decent techncial signal for the next option trade. Asia was higher and Europe lower to begin the week. We'll see how things go tomorrow.