The stock market continued its upmove on strong breadth and volume: 3132 stocks advanced compared to 811 that settled down. The market is now stongly overbought on many measures and we have started to observe signs of speculation among our sentiment indicators. The fear of missing the move is fairly evident in reading the various put/call ratios that attracted a record number of buyers of calls. The CBOE put/call ratios on equities reached the lowest number of puts buying for years. Altough internal momentum is still strong this is a kind of warning. The weekly investment survey among private investors points out to a neutral attitude from this category of market participants.