In a holding pattern ahead of the Fed as the Dow was up a couple points on light volume. The advance/declines were barely negative. The summation index is still moving sideways. The overall market was a bit weaker than the Dow. My guess is that we'll be heading higher tomorrow as I'm not expecting any surprises from the Fed but you never know. Still short term overbought on the S&P 500. Earnings season continues. GE sold off early but came all the way back to be off a few cents on heavy volume. The Bollinger bands are very tight here now and a big move is coming one way or the other soon in GE. Gold was off five bucks on the futures as the US dollar finished little changed. Rates did move higher today ahead of the Fed. The XAU fell 2 7/8, while GDX shed 2/3. Volume was light. Waiting for oversold for the gold shares. The gold shares are starting to underperform here lately and that's a warning sign. I did place an open order for some HOLX May calls today. It wasn't filled. Earnings are due out tomorrow for HOLX after the bell. I may try to get the calls before the close Wednesday. More oversold than overbought for HOLX but this is strickly an earnings trade. We'll see. Mentally I'm feeling OK. The VIX finished little changed and the short term indicators are still mid-range. Bollinger bands beginning to contract here as well. But I'm still looking for higher stock prices going forward this week as there is no overhead resistance and earnings have weak last year numbers to beat. We should hear a dovish Fed tomorrow as the easy money flow hasn't stopped. So we'll see what happens. Europe and Asia were generally lower overnight. We'll see what tomorrow brings.