On the fence

I'm not quite sure how to evaluate the last couple of days. I'm hopeful that the rally will continue through Christmas. But there are a few things that have me concerned.

I was hoping to see the volume today surpass the last two days to really confirm that we were headed in the right direction. Volume was about half of what it was yesterday. I have a feeling that we might fill in the gap opening over the next week or so.

I'd also like to see the percentage of stocks in the NY exchange pop over its 20 day moving average. It's close, but we could see a bit of reversal as that gap gets filled.

So, for now, I'm cautiously putting some money to work in my trading portfolio while I let my long-term money take a break.