A mixed bag today as the Dow rose 95 points light volume. The advance/declines were slightly negative. The summation index is moving up. Both the S&P 500 along with the NASDAQ were lower on the session. The S&P remains short term overbought. It's a holiday week and many of the players are at home. I do trust that this rally is for real though and I think it has legs to go higher into the beginning of next year. After that, who knows. Gold was off a couple bucks on the futures today. The US dollar was slightly higher and interest rates were little changed again. The XAU and GDX both had fractional losses today on light volume. They remain short term overbought and they both failed at their 50 day moving averages. There remains little interest in the gold shares. Mentally I'm feeling OK. The VIX was lower yet again today and remains extremely oversold. Not sure how much to read into this with the major players on hiatus. Money still needs a home and stocks seem to be the place to go for now. No SPY trades in mind for this week but there is plenty of time to go in the January option cycle. Europe and Asia were higher in last nights trade. We'll keep an eye on the overnight developments.