The S&P 500 tried several times without success to surpass the 2800 mark. Breadth is still strong with 2327 stocks closing up on the NYSE and 1369 settling down. There is a divergence between the performance of the Dow Industrials, the S&P 500 and the Nasdaq. The Dow Industrials is well entrenched in a correction/consolidation whereas the two other indexes are hovering around their latest highs. In summary, the US stock market is consolidating its advance since the beginning of the year at a fairly high level with some internal stock rotation that are supporting prices. The global risk profile is neutral.