Another day of not much as the Dow fell 21 points on light volume.  The advance/declines were negative.  The overbought technical condition of the stock indices continues.  The participation remains weak.  The stock market has the feel of summer already.  It is a drift higher with no conviction.  We did see a drop in the TRAN today and perhaps that is a precursor to the future.  But that is a guess as usual.  My June OEX puts remain losers.  GE lost a few cents and the volume remains very light.  Gold didn't do much today and the US dollar was a bit lower.  The XAU was up 1/3.  ABX and GG were little changed, while NEM gained 1/4.  Volume continues to be low.  No trades for the gold shares here for me but I am looking out to the October calls.  Mentally I'm feeling a bit tired, did not sleep well.  We are waiting for something to get the markets going but there is nothing going on.  Maybe the employment report will get things moving.  Perhaps tomorrows beige book.  I cannot hold on to these June OEX puts forever because one strong up day will increase the loss.  Some of the technicals are saying that some type of decline is imminent.  However we haven't seen anything but minor selling.  Gold and the gold shares continue to have no interest on the long side.  It looks like it is going to be a long boring summer at this rate.  We'll see what tomorrow brings.