Whenever our risk profile index comes back to the neutral level, the stock market follows up on the upside, a sign we are in a strong bull market. The potential conclusion of a phase one deal between the US and China lifted stocks and induced a strong wave of buying, as measured by our buying/selling index and market activity in the option market. Breadth could have been stronger: 2516 stocks advanced compared to 1434 that settled down. The cumulative advance/decline line reached new highs and the list of stocks hitting new highs is expanding.