The stock market started the week, post quarterly expiration of derivatives, chasing the same leaders, pushing up the indexes but on unimpressive breadth as 2088 stocks advanced on the NYSE compared to 1735 that settled down. Options traders were again buying calls on a large scale, adopting again a positive view on the direction of the market. One of our global sentiment indicators continues to hover around the highest level of confidence since the beginning of the year. In summary, confidence and complacency are more and more apparent.