Over the last two days, the stock market continued to advance with a slight negative divergence from the Nasdaq Composite Index that has led the upmove so far. It is too early to say if this pattern may foreshadow the start of a correction. The S&P 500 may well challenge the 2800 area. For the time being there is no sign of excess speculation arising in the market but market participants are getting confident that the upmove may continue, our risk index has started to climb and settled above the 60 level.