A nice pop to the upside before the Fed as the Dow gained 110 points. The advance/declines were 5 to 1 positive and the volume was average. The debate will now be focused on whether or not the rally we have seen lately is for real. We haven't yet gotten to the resistance area. That will be the key in my opinion. The summation index should be turning back to the upside with todays action. We'll see what the Fed says tomorrow and go from there. GE was up 1/3 on average volume. The 200 day moving average has held for now. So I think that the stock indices should hold up here with GE as the proxy for the market. Gold was up $5 and the XAU rose 6 1/3. The dollar lost ground today and has not broken through the weekly down trend line from last year. ABX up a buck, GG rose 1 1/8 and NEM tacked on a buck and a half. My ABX July calls were not filled but I'm leaving the ticket in. The RSI positive divergence signal was valid and confirmed by todays action. Perhaps the gold shares will follow the overall markets higher. That's my thinking at the moment. But it could all change tomorrow with the Fed. Mentally I'm feeling OK despite missing for now the ABX call trade. Another possibility with the Fed is that it will be a non event. It is the summer. The stock indices have had a nice short term move and the technicals are not even close to being overbought. So perhaps there is more room to go on the upside. We'll see what happens with the Fed tomorrow and the markets reaction.