The stock market spent last week hovering around the 4400 level without any clear direction. We observed last Friday some selling pressure as measured by our buying/selling index. Our indicators improved slightly as options trading has become more cautious as measured by various put/call ratios. The list of new highs improved slightly, especially on the NYSE. We still observe closely the internal momentum of the market as measured by the cumulative advance/decline line that has to recover strongly to justify the continuation of the bull market. 

Very short term oscillator	Positive +
Short term oscillator	Positive +
RVI trend	Positive +
Trend short term (5 days)	Up ​​
Trend mid term (8 days)	Up ​​
Differential of trends	Up ​​
Risk profile6	52 (scale of 1 (low risk) to 100 (high risk))