A quiet day until we heard from the Fed and then the market took off to the upside only to come right back down before the close. The Dow dropped 164 points on light volume. The advance/declines were positive. The summation index is trying to move higher but is basically still going sideways. The overall market was not as weak as the Dow. The first three days of this week have been sideways with light volume as the market is trying to decide what to do here. Still short term overbought for the S&P 500. I'm remaining in the bullish camp as nothing has changed to stop the flow of easy money just yet. We'll get 1st quarter GDP tomorrow. GE was off 1/4 on good volume. Gold was up $5 on the June futures and finished well above the lows of the session. The US dollar was lower and rates finished little changed. The XAU was up 1 1/2, while GDX rose over 1/8. Volume was light. GDX had a one day reversal to the upside as it opened lower and closed higher. Perhaps today was the time to try the GDX May calls. I placed another order for the HOLX May calls but it wasn't filled. I modified it near the end of the day but then simply canceled it as I was not going to get my price on what I was willing to risk on the calls. Earnings due out after the market closes. Mentally I'm feeling OK. The VIX was little changed again and the technical indicators are still mid-range. Bollinger bands are still contracting and a big move in the market is coming our way soon. I'm thinking a blow off top but that's just a guess on my part. GDP should be pretty good tomorrow and that should put the players in a buying mood. We'll have to wait and see. The market moves where it wants to. Europe and Asia were higher in last nights trade. We'll keep an eye on the overnight headlines.