We had a gap higher at the open and spent the rest of the day moving sideways to lower as the Dow gained 75 points on average volume. The advance/declines were about even. The summation index continues sideways. The NASDAQ was the leader to the upside. Waiting on the Fed Wednesday as that should be the big mover this week. The short term indicators for the S&P 500 are now approaching mid-range as the continuious overbought condition is beginning to fade. Not sure exactly what it means going forward as the market has been quite resilient. No SPY trades in mind at the moment. Gold was up a couple bucks on the futures. The US dollar was higher and interest rates ticked up. The XAU lost 1 1/8, while GDX shed a little over 1/8. Volume remains good here. I still want to try the GDX April calls if we see a pullback in the gold shares. GDX remains short term overbought though. Mentally I'm feeling OK. The VIX was just a touch lower today. The indicators here are mid-range so it could go either way here. Not sure what to expect next but we'll keep an eye on it. We've rolled into the April option cycle and premiums are high. Waiting on a signal for the SPY options. We'll probably let the Fed get out of the way and go from there. Asia up and Europe lower to begin the week. We'll keep watch on the overnight developments.