I chose an opportune time to get ill last week ( I have these three granddaughters who I refer to as my "Lil' Petri Dishes of Disease" who insist on passing every virus known to man along to their old Granddad).

Struck simultaneously with a bad cold, laryngitus and a big purple Hive in my throat, restricting my breathing that put me out of commission while the markets played out their Santa Claus Rally as per the Hymn Book.

Volume of course was Holiday light which was to be expected, but we didn't see nearly the volatility swings one might expect under such circumstances.

Indeed, stocks behaved extraordinarily well, all things considered, including war, scandals and bad, but not surprising news on the retail front.

We are seeing pockets of strength in Airlines (CAL looks particularly suited for takeoff), Consumer Staples (CL and MCD) and even some select energy names like ACI. WMT while higher looks poised to make even more gains. Tomorrow I will give you some specific recommendations on some of these as well as some targets.

The Industrials host a typical picture of what I think is in store for us over the short to intermediate run with a potential for added gains here.



Overall I think we might see a bit of weakness sometime this week, but the next 90 days should be on balance positive. After that I think it will be time for some serious shorts for a while.