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Now where do stocks go? Here's a hint: Ho ho ho

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It's that special time of year, when stock traders say Santa takes the reins.

Stocks should be buoyant in the week ahead, helped by year-end seasonality—or maybe Santa. The "Stock Trader's Almanac" says the official "Santa rally" takes place in the several days after Christmas, but traders expect to see a fairly merry market clear on through December now that the November jobs report is out of the way.

One Grinch that could spoil the stock market rally this coming week is the bond market, should yields rise too quickly. There are a few pieces of economic data, with the most important Thursday's retail sales, and the market will also be digesting $64 billion in Treasury auctions.

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