Just hanging around today as the Dow gained 111 points on light volume. The advance/declines were positive. The summation index continues higher. The Dow was the leader today. The technical conditons haven't changed for the major indices. Waiting on new all time highs for the S&P 500. It is a holiday mode market and we are simply waiting for the new year to begin at this point. Trying to stay patient for now. Gold jumped almost twenty bucks on the futures. The US dollar was lower along with interest rates. The XAU rose 1 1/4, while GDX added 1/3. Volume was light. We still want to try the GDX January calls at some point. GDX is now right at the down trend line that began in early 2022. We want to be on board with the calls when that line is broken to the upside with volume. However GDX is both short and medium term overbought at the moment. That doesn't mean that it can't stay that way but it does mean that the risk is elevated to attempt the trade. Mentally I'm feeling OK. The VIX was lower today and that fits with a positive market. The short term indicators have now turned down with room to go lower. This implys more near term gains for the stock market and the Santa Claus rally continues. Europe and Asia finished higher as the overseas markets get into the holiday spirit. A new all time high for the Dow today as we wait for the other indexes to follow suit. We'll keep an eye on the overnight developments.