It really is “nothing to see here, please move along” time in the stock market. I do believe if we shut our screens off now and came back in September we would still be somewhere in the range of the last few weeks in the SPY. But patience will be the key to spotting our next big trade.

I am long GDX gold miners ETF from a couple dollars higher. I like holding GDX for a rally whilst stocks meander. Well aware it’s been weaker than stocks for awhile, but I expect that to change somewhat as summer unfolds. Other than that I am flat and awaiting better opportunities.   

Here is one of my go to indicators that I am keeping an eye on to spot any kind of tradable moves. Definitely something you should have on your screen,

Thanks,

Joe