The stock market absorbed very well an initial selloff that brought the index to the low 2900 before closing almost unchanged. Breadth settled on a negative side : 1336 stocks closed higher compared to 2379 that settled down. The weekly investment survey among active professional managers is still pointing out to a very high level of optimism among this category of market participants. Ideally, a further correction/consolidation may be needed to bring back our indicators to a more comfortable level.