The stock market continues to consolidate at a high level with internal momentum measured by the cumulative/advance decline staying at the highs of the year. Daily sentiment indicators are improving as hedging activity is increasing, pointing out to some cautiousness among options traders. Breadth closed even and most of our indicators are hovering around the neutral level. The countdown continues, there are only 8 important trading days left until the end of the year, Friday 20th December will be the last expiration date of the year for options and futures.