It's a rally that won't stop as the Dow climbed 139 points on what lately passes for average volume. The advance/declines were negative. The summation index continues higher. New all time highs for many of the stock indices. The TRAN gained over a thousand points in todays session. Are things getting a little frothy here? It sure seems like it but the market can go higher than you think sometimes. Overbought for a while now and staying there. Will the Fed throw some water on the fire? We'll find out tomorrow. Gold was off $6 on the futures. The US dollar was a bit higher and interest rates remain steady. We should get some kind of movement in rates with the Fed announcement tomorrow I would think. The XAU and GDX had fractional moves lower on light volume. GDX is trying to hold the 50 day moving average and is short term oversold. This would be the time to attempt the calls for GDX but my order doesn't look like it will get filled. I might have to adjust the price higher, which I don't really want to do. I suppose I'll wait and see what happens tomorrow and go from there. Mentally I'm feeling OK. The VIX was lower today but its short term indicators are still pointing up. A rollover of the indicators here and the rally will continue to grow. Again, tomorrow will be an interesting session with the market reaction to the Fed. We'll watch for any suprises. Asia was lower and Europe mixed as the world waits on the Fed. We'll keep an eye on the overnight headlines.