Most major markets have seen several months of choppy sideways/up action. I suspect this will continue for 2 or 3 more months, but more sideways/down. June is historically a bad month, and according to the Presidential cycle, the coming 3rd quarter should also be weak. No crash though, - all major trend lines from the 2009 bottom are still in place, 200 day MA pointing up, monthly MACD positive, etc., etc.

Historically, Memorial day weeks are positive - if this week follows the historical pattern, we should be overbought by Friday. So I'm using June 3 as my "best before" date on the US markets.

Venture looks like it's trying to bottom - I just think it's too early to get excited. It's likely to go higher for a week or 2, but I'll wait until around August before jumping in. I generally go with the seasons unless the technicals tell me otherwise. I do expect another great run Sept-Dec, like last year.

PM stocks had a good week, and should have another. The USD looks like it wants to go a little lower, then start another run up. If / when it starts up, it will probably result in the PMs & other commodities joining the choppy market action.

I plan to raise a little more cash this week, which would put me in full summer doldrums mode. During the summer, I intend to keep a lot of cash but still play a few limited sectors (like fertilizer) and continue to sell options to collect premiums.