The stock market closed the week on a strong note with the usual high volume recorded at the end of the first expiration of options anf futures of the year. Internal momentum is still strong led by the reflation activity in the financial markets since the beginning of the year. This is confirmed by various indicators : The Dow Jones utility index has jumped to new highs, defensive and financial stocks have been strong lately and gold is also up. Short term, there is still a divergence between the Dow Jones Industrial index and the other major indexes.