Summer time (when the living is dull) and a tarantella

The Dow broke up through resistance yesterday but pulled back towards the end of the day. It got nowhere near the buy signal level so no temptation to buy anything. The market has been moving sideways since the beginning of the month. Perhaps the serious traders have gone away for their summer holidays already. There's no point in doing anything when the market is like this. Just watch and wait.

The gold market is no better. It's sitting on a floor waiting for something to stir it into life one way or another.

That bond ETF I showed you on Friday seems to have come to the end of its fast trajectory and is trailing off too.

I have very little of interest to offer for the time being. Perhaps everyone sold in May and went away.

Here in stark contrast is a four and a half minute display of unflagging energy.