After opening broadly lower, the stock market recovered during the trading session to finally retrace half of the losses of the previous days. Our buying/selling index on the NYSE and on the Nasdaq pointed out to heavy buying, either to cover short positions or bargain hunters were very active. This constrats with breadth that settled on relatively weak note as 2141 stocks advanced compared to 1824 that settled down. It is also worth noting that the list of stocks hitting fresh new lows on the NYSE and on the Nasdaq has started to expand since the recovery, indicating that internal momentum has started again to deteriorate, as confirmed by the cumulative/advance decline line that has only slightly recovered since the lows of March.