The week starts off to the upside as the Dow climbed 470 points on heavy volume. The advance/declines were 5 to 1 positive. The summation index is moving up. The Dow is fifty points away from the 30000 milstone. The S&P 500 closed at a new all time high. There is no overhead resistance. I would expect a continued run up into expiration Friday. Short term overbought for the major averages and staying that way. The only fly in the ointment is the lagging performance of the NASDAQ but I don't thank that will stop the party anytime soon. More positive news this morning about another vaccine for the pandemic virus. Of course things won't simply turn around overnight but at least there's the hope of some progress as we move forward. GE was up 1/3 on good volume. Gold bounced around and finished little changed. The US dollar was slightly lower. The XAU was flat, with GDX off 1/4. Volume was very light once again. Not much interest in the gold shares. I am leaving my open order for the GDX January calls out there. Mentally I'm feeling OK. The VIX was lower today and that fits an up market. Remaining short term oversold here which also fits in with a market rally. The TRAN and the Russell 2000 continue to move higher as well. Simply put, we're in rally mode and we'll have to see how far it can go. Sometimes it's a lot farther than you think it can go. Seasonality favors higher prices here along with option expiration week. We'll enjoy the ride for now. Europe and Asia continued up as money around the world is heading into stocks. We'll keep an eye on the overnight developments.