The Dow had a one day reversal to the downside as it opened higher and closed lower. Last hour selling sent the Dow to a loss of 90 points on light volume. The advance/declines were positive though. The summation index is moving up. The McClellan oscillator gave a signal last night for a big move within the next two sessions. We'll see how things go tomorrow to close out 2021. All of the major indices were losers but not with any conviction. The S&P 500 remains short term overbought. The market is simply making its way to the new year. Gold was up a dozen on the futures. The US dollar was up a bit and interest rates declined. The XAU gained 2 points, while GDX was up 1/2. Volume was light. I've decided to hold on to the losing GDX January call trade into the new year. Hoping to cut the loss with three weeks remaining in the January option cycle. Short term overbought for GDX and staying that way which could mean the rally will continue here. Mentally I'm feeling OK. The VIX was up slightly today thanks to the final hour decline. It remains very oversold. One trading day left in the year and it should be slow. Europe was higher and Asia mixed overnight. We'll close out 2021 tomorrow.