Sleep City S&P's

The S&P's/the market right now are sleep city. We had a 21 point down day and then a 21 point up day. The Vix is low and stocks are not moving. The only markets that have seemed to be moving a lot are bonds and Euro's. Therefore, I am flat delta. There is some serious strength in the market considering the last two days. I guess that should tell me to be long, but I don't see any huge amount of reasoning for it. That is especially true when volatility is low and I don't what to trade much short premium like I usually do. This makes it hard to find interesting opportunities. There are a few things such as EWW, GMCR, and EWZ for example, but that is all there is. In times like these it is almost impossible to be strategically diversified. Therefore, most of my positions are vertical spreads. I may implement some calendar spreads in maybe the SPY or IWM in the stock markets. Bonds (TLT) is interesting for a calendar spread and maybe some long call spreads. The major short premium plays remain in a couple gold and silver stocks (GDX and SLW mainly), and there are a few earnings plays that still may be out there. Overall, this is not a great time to be aggressive in your trading. The returns are simply no there. The way to play the market right now is stay involved but save your capital for better days.