More of the same as sideways price movement has been the theme of the past couple of sessions. The Dow did lose 280 points though, on heavy volume. The advance/declines were better than 2 to 1 negative. The summation index has stalled. The Fed left rates unchanged as expected. Next up are after the bell tech earnings followed by an inflation report tomorrow morning. The NASDAQ posted a small gain and the S&P 500 had a small loss. The short term indicators on the S&P remain overbought. The daily candlestick chart here has a consolidation in progress after the recent huge run up. It is either building some kind of top or simply a pause before going higher. I'm not sure which it is but the S&P cannot stay overbought forever. Gold was off $47 on the futures. The US dollar was higher along with interest rates. The XAU lost 9 3/8 and GDX dropped 2 1/3. Volume was average. GDX is short term oversold and in a down trend. The up trend line for GDX that began at the beginning of 2025 comes in around the 85 area and it is almost there. I would like to try the GDX May calls there but everything seems to be against taking a position on the plus side for gold right now. That said, I'll be taking a closer look overnight and might put in an open order for those May calls. Mentally I'm feeling OK. The VIX was higher today which fits with the Dow but not the overall market. The short term indicators here are now moving up. The daily candlestick chart here now looks like it wants to go higher which would not bode well for stocks. I'm not sure where the VIX is heading next. Markets are still at the mercy of the Iran conflict as oil prices soared today. That had an influence on what took place today. The news can drive things in either direction. Tough trading environment to be sure. However we cannot stay on the sidelines all the time. Asia was mixed and Europe down overnight. I'll keep an eye on tonights headlines.