A mixed bag after the Fed as the Dow fell 74 points on pretty heavy volume. The advance/declines were better than 2 to 1 negative. The summation index is beginning to move sideways. No surprises from the Fed as rates dropped as expected. The NASDAQ was higher today but the Dow was lower and the S&P 500 finished flat. As long as the NASDAQ continues to lead we'll give the benefit of the doubt to the bulls. The S&P 500 remains short term overbought. Next up is the US/China trade meeting tomorrow. Good news will take us higher and bad news will see some selling. Gold was off $24. The US dollar was higher along with interest rates. The XAU and GDX had fractional gains on good volume. GDX remains short term oversold hanging around its 50 day moving average. No GDX trades in mind for now. Mentally I'm feeling OK. The VIX was higher today and remains short term oversold. Not sure what to expect next there. Market breadth hasn't been all that great lately and the summation index has been having trouble going higher. Although we still give the bulls the edge for now we all know things can change in a hurry. We will see what happens overnight and go from there. Asia was generally higher and Europe generally lower in last nights trade. We'll see what tomorrow brings.