Keep on keeping on as the rally continued today. The Dow gained 314 points on average volume. The advance/declines were better than 2 to 1 positive. The summation index is moving up. The holiday week positive bias is in full swing. The S&P 500 made it up to its short term down trend line which is where it lies now. What happens here will be key but I've got to say that it looks like we are simply moving on to new all time highs in the coming days. The short term indicators for the S&P are moving up and are not yet overbought. The only thing that would change our minds would be a reversal from here. Gold was up $18 on the futures. The US dollar was a bit lower and interest rates finished mixed. The XAU zoomed up 15 points, while GDX climbed 3 3/4. Volume was good as GDX broke above its short term down trend line. GDX is getting to short term overbought but not completely there yet. The gold shares are far outperforming gold itself here and that is bullish for them. It looks like the gold shares had their correction and are now ready to hit new all time highs. We'll see. Mentally I'm feeling OK. The VIX was lower and closed below its short term up trend line. It also made it through its 50 day moving average. Some of its indicators are oversold but not all. The longer term up trend line on the VIX lies at 16.5. If it gets below that level this rally in stocks will last longer than you think. If it doesn't then there may be a chance to try the SPY December puts at some point. Thanksgiving in the US tomorrow followed by a half day on Friday with some closures. So most of the major players here are gone until next week. Europe and Asia were higher overnight. Enjoy the holiday.