After having touched 4200 that acted as a support during the winter, the market rebounded to close slightly higher. We observed some bargain hunting on the Nasdaq market as measured by our buying/selling index. Options activity is still tilted towards hedging as measured by various put/call ratios. The market is oversold by many measures although we haven’t observed clear signs of capitulation yet. The list of stocks hitting fresh new 52 weeks lows is still impressive: NYSE 12 new highs, 440 new lows; Nasdaq : 31 new highs, 626 new lows.  The cumulative advance/decline line on the Nasdaq is back to the lows of 2016 whereas prices still stand much higher thanks to a handful of big cap stocks.