The stock market followed through its previous day’s strong advance before encountering a wave of selling pressure and closing slightly unchanged. A handful of stocks touched their 200 day moving average that acted as a barrier and fell back. Is the second relief rally already over? It is the question that many market participants have in mind as the exit of the sanitary’s crisis seems quite remote. Hedging activity in the option market was fairly balanced and breadth, nevertheless, reflects the early advance: 2915 stocks advanced, 1088 settled down and our ten day oscillator based on the advance/decline line is overbought.