It was the kind of day that you could easily forget as the Dow gained 9 points on light volume. The advance/declines were negative. The summation index is starting to roll back down. The McClellan oscillator signal didn't pan out again. The NASDAQ along with the S&P 500 eeked out new all time highs. We'll finish out the month of June tomorrow. I'm still looking at the SPY July puts ahead of Fridays employment report. But the lack of volatility doesn't help the options game. Unless you're writing them of course. Still short term overbought for the S&P. I might try the puts if we get any strength to close out the month. I'm expecting positive money flows for the beginning of July so Thursday isn't out of the question either. GE was up twenty cents on OK volume. Gold fell $16 as the US dollar was a bit higher. Interest rates were little changed at the close. The XAU and GDX had fractional losses on light volume. The gold shares held up better than gold but they were already blown out to the downside. Oversold and staying that way. Mentally I'm feeling OK. The VIX was slightly higher today and remains short term oversold. To me it looks like the VIX is putting in a bottom but it remains well below the 20 level. Or perhaps I'm just hoping it's a bottom because I'd like to try the SPY puts and see some increased volatility. The VIX can move sideways for a while as well and that might be what's taking place. At any rate, the S&P is at the top of the Bollinger bands, short term overbought and in the midst of a light volume rally. I'm pretty sure that I'd like to try the SPY July puts ahead of the jobs numbers and the long holiday weekend. Asia lower, Europe higher in last nights trade. We'll see what the end of June brings tomorrow.