The Santa Claus rally lives on as the Dow gained 124 points today on very light holiday volume. The advance/declines were 2 to 1 positive. Summation index moving to the upside, implying higher prices going forward. Trying to get through overhead resistance here on the stock indices but the volume is light. The Dow is the leader right now and that usually isn't bullish. I'd like to see the small stocks take the lead but it hasn't happened. Overbought on the stock indexes. GE gained 1/8 on light volume. Very overbought here and some pullback would be healthy for going forward in January. My GE calls remain in the black and we've hit the initial target that I had in mind. I'm holding on until next year for now. Gold dropped a few bucks on the futures in quiet trading. The US dollar was basically flat on the day. The XAU gained a point. ABX up 1/8, GG rose 3/8 and NEM tacked on 7/8. Volume was extremely light. Oversold, staying there and perhaps next week I'll try the gold share calls again. We'll see. Mentally I'm feeling OK, slept well. All was pretty positive for the stock indices this week except for the low volume. The trend is up. Gold just hung around all week after its recent debacle. Probably more of the same is in store there. A long holiday weekend is on tap and next week should be slow too as we wait for the new year. It's the first Friday afternoon in winter and time for a break.