Santa Claus has come to town as the Dow added another 196 points today. The advance/declines were better than 2 to 1 positive and the volume was light. The summation index is now moving up. The S&P 500 closed at a new all time high. I expect that other indices will follow. Overbought and staying that way for the S&P. No overhead resistance so we'll see how far we can go before the end of the year. Gold was up $7 on the futures. The US dollar finished little changed and interest rates ticked up. The XAU was up a point, while GDX rose 1/8. Volume remains light here. Short term overbought for the gold shares. I'll have to decide next week whether to book the loss on the current GDX January call trade this year or carry it into 2022 with the hopes that it will get back to break even at best. Mentally I'm feeling OK. The VIX was lower again today and remains oversold as the rally continues. Below the level of 20 and also beneath both the 50 and 200 day moving averages for the VIX. It is pretty much giving an all clear sign for higher stock prices. We've gone from despair to euphoria in a matter of a week and a half. A long holiday weekend is upon us. Next week should see low volume and probably higher prices. I'll be checking the charts over the next couple of days as usual. Europe and Asia were higher overnight. Merry Christmas everyone.