The Fed raised the funds rate 1/4 point as expected and the market rallied. The Dow was up 130 points with good advance/declines. The volume was average or a little less. The McClellan oscillator signaled a big move last night and it happened. We now have a bullish divergence on that indicator. No trades for me here. GE didn't rally as much as the overall market. Could have been some short covering in the market today. Gold did not do much prior to the Fed announcement but the XAU and NEM were up modestly. After the Fed, gold sold off a couple bucks. The XAU and NEM came well off their highs and look like they are poised to go lower. The dollar didn't do much either. See ya tomorrow...