Monday Morning -- Futures Pointing to a Lower Open

Well, folks, the major Indices are pointing to a weaker open for the market today. Soon it will be our summer solstice – so officially it seems that we are entering what is often considered the slow, lazy summer trading time of year.

Of course, the market has continued to drift in the same trading range that we have been discussing for a while now -- and it seems that everyone is wondering whether the Bulls will maintain their somewhat limited control or whether the Bears will step up and gain some traction. Whichever way the wind blows, stay diligent and react accordingly.

At this moment commodities are looking a bit weaker. Focus will continue to be on China’s demand – and watching the $USD. But we continue to like oil, gold and silver when the prices are right.

As always, though, nothing has changed – we continue to sell strength and buy into dips. It is the approach that has been working – so we will take advantage of it until there is a change.