The stock market followed through its previous days advance on strong volume and large participation. The market is now overbought on any measures, an occurrence rarely seen in the past according to our indicators. We continue to observe a strong activity by options traders who are buying calls on a large scale that reached the stage of speculation with put/call ratios reaching extreme frenziness. On top of that, two of our indicators raised a red flag silumateously, also a rare occurrence and historically a signal for traders and investors to become cautious. In summary, a top of the internal momentum may have been reached and a correction/consolidation may lie ahead.