Running in place today as the Dow lost 6 points on average volume.  The advance/declines were negative.  Still short term overbought and getting there medium term now as well.  Simply waiting for the next signal with respect to the SPY.  Option expiration tomorrow and we will roll over to the May cycle.  GE was off over 1/8 and the volume remains heavy.  Earnings here tomorrow should get things moving.  Gold was off a few bucks despite the US dollar getting hammered again.  That isn't bullish for the precious metal.  The XAU fell 7/8 and GDX was off 1/4.  Volume was nothing special.  No hurry to do any trading in the gold shares right now.  Mentally I'm feeling OK.  No good trading ideas at the moment in my mind.  At all time highs for some of the stock indices but not there for others.  The TRAN is lagging quite a lot here.  Not sure what it means.  The small stocks are holding up OK.  Most of the indexes are overbought though and perhaps a pause is due once we get past the expiration.  Otherwise it's a waiting game for the next opportunity.  We'll keep an eye on the overnight developments and finish off the week tomorrow.