Santa rally

11.16 am I'm back from a week away, got back yesterday but forgot all about the diary/blog. The index has pushed past the early November high after 6 weeks of consolidation with resource stocks catching up over the last couple of days.
I left some small cap longs open while on holiday and did pretty well out of that with DCC having risen nicely to the low 30s where I've sold a third out this morning.

I think there's a bit more in this, maybe high 30s.
The other long that I liked was in UPD which hasn't moved much but is squeezing higher and looks ready for a spurt.

I had a problem position in CLQ which sold right down to support but it has bounced hard off that and I got out of half the long for a small loss at 142 and I'm thinking of selling the rest today as the surge may have run its course.

In the large caps, more medium perhaps, I've jumped back into Metals X at 96 and it looks to be in a minor acceleration.

I've also bought PTM at 740 on yesterday's close as there's a minor buy signal after a shallow correction and today's action encourages me to think the correction might be over.

3.18 pm The market is up 39 to 6078 and a lot of stocks are charting well including the golds in a change from the recent past. I bought some Northern Star at 587. There's a daily break after a minor 3 wave pullback.

4.42 pm The final wash up was a rise of 33 points to 6072 for the ASX 200.
DCC was the star performer closing up 11.5 to 39.5. I sold a few more at 38 towards the end.