The stock market struggled again the resistance at 2900 before retreating during the final hour of trading. Breadth improved slightly compared to the previous days: 2894 stocks advanced compared to 984 that settled down. Activity in the option market ran at a neutral level as most of our indicators hovers around the equilibrium. Sentiment surveys paint a mixed bag as the report regarding individual investors are bullish whereas the one regarding active professional managers should be traded as cautious as, in our opinion, too many short term traders are optimist. Overall a mixed bag as short term trading models continues to be churned by daily up and down moves without clear direction.