The trading day looked very similar to the previous day: the S&P 500 challenged again the 2900 level before encountering some selling pressure as measured by our buying/selling index. Options traders are again eager to play the upside of the market as they are buying calls. Howewer, breadth closed on a negative note as 1176 stocks advanced compared to 2700 that settled down and the cumulative advance/decline line is again pointing down, confirming that the market holds only through the strength of a few big cap stocks. Systematic models based on prices are again churned by up and down days without any clear trend emerging.