Dow: +105.94…
Nasdaq: +69.51… S&P: +16.53…
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/gld-6.png)
It was another record-setting day, with the Nasdaq rallying 0.8% to cross the 9000 level for the first time. The S&P and the Dow also closed at new highs, thanks to some mega-cap leadership and a strong finish into the close. The Russell 2000 finished flat.
Mastercard SpendingPulse confirmed that US retail sales increased by 3.4% this holiday season. That’s a pretty good number and AMZN seems to be coming out of its doldrums.
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/amzn-9-300x199.png)
The miners had another good day. JNUG added 6.0% after yesterday’s big me. This one now has targets of 95 and 105
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/jnug-1.png)
Silver (SLV) also had a great day and popped out of that wedge that we have been talking about.
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/slv-5.png)
The silver miners (SIL) popped and cleared lateral resistance going all the way back to April today.
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/sil-2.png)
The junior gold miners GDXJ had another good move and remember that the JNUG moves 3X what GDXJ moves.
![](https://www.upsidetrader.com/wp-content/uploads/2023/12/gdxj-2.png)
Stuff is still moving on light volume. Today the QQQ traded 25% of its normal volume and the SPY traded about 30% of its normal volume. It doesn’t matter, there are no sellers.
See you tomorrow. The volume should be even lighter.