A half day of trading led by the Dow as it gained 288 points on extremely light volume. The advance/declines were better than 2 to 1 positive. The summation index is still trying to move higher. The S&P 500 set another new all time high. It has made it through the overhead resistance albeit on light volume. It remains short term overbought but there is nothing in the way of higher prices. We do have a short term sell signal now on one of our indicators. I am looking at the SPY January puts. Gold finished flat on the day as did the US dollar. Interest rates dipped. The XAU lost 2 1/2 and GDX shed 3/4. Volume was light and GDX is still overbought. Mentally I'm feeling OK. The VIX continues lower and is short term oversold. The rally seems to be for real when we assumed that a bottom was put in a week ago. We'll see how it plays out going forward. Europe and Asia were mixed as holiday mode is in order. Merry Christmas everyone.