Continuing higher as the Dow rose 261 points on light volume. The advance/declines were almost 3 to 1 positive. The summation index is turning around. The battle with the zero line appears to have been won by the bulls. The Santa Claus rally is intact despite the decline on Monday. The S&P 500 looks to be heading back to new all time highs. The short term technical indicators there have turned higher. The NASDAQ led the way up today and that is a plus. The only negative is the low volume but that may be holiday related. Gold was up $15 on the futures and back above the $1800 level. The US dollar was lower and interest rates took a slight drop. The XAU was up 1 2/3, while GDX gained 1/3. Volume was light. GDX is now short term overbought on some of its indicators. I would have liked to see a better gain for the gold shares today but we'll take what we can get. Mentally I'm feeling OK. The VIX was lower and closed on its 200 day moving average. It is now below the important level of 20. It remains short term oversold and as long as that continues the rally will live on. Only one day left for trading this week as the holiday is almost upon us. I'd expect tomorrow to be a quiet, light volume affair around the globe. Europe and Asia were higher again last night. We'll keep an eye on the overnight headlines.