Buyers returned today as the Dow climbed 345 points on light volume. The advance/declines were 5 to 1 positive. The summation index is still moving lower. We got quite a bullish reading on the daily call/put ratio yesterday and todays price action verifies that. Another rally out of nowhere but this one might have legs. The daily S&P 500 chart may have put in a sideways bottom. It remains short term oversold but the daily indicators are starting to point up. Another positive session tomorrow would help the bullish cause. The weekly candlestick chart for the S&P currently has two bullish hammers. The light volume makes everything suspect though and we'll have to see if we get some upside follow through to close out the year on Friday. But at least the NASDAQ led things higher here today. Gold was up $6 on the futures. The US dollar was lower and interest rates dropped slightly. The XAU and GDX had fractional gains on extremely light volume. The short term technical indicators for GDX are now mid-range. We will wait for next year to attempt any trades here. Mentally I'm feeling OK. The VIX was lower today and remains above the 20 level. Not getting any signals from here at the moment. At this point we are just waiting for tomorrow to end before another holiday weekend. We did get a lot of price movement so far this week but the volume or lack of it makes us question what is really going on here. I'd expect some kind of beginning of the year rally when all the players return next week but that's just a guess for now. Asia lower and Europe higher overnight. We'll say goodbye to the 2022 trading year tomorrow.