S&P 500 2752.01 +4.68.
The first expiration of options and futures of the year occured on Friday in quiet trading. Most of our indicators stand around the neutral level, although, as mentionned in our previous comments, the weekly sentiment indicators are, in our opinion, too bullish at this stage of the cycle. There is still a possibility that a second wave down happens which would clear the excesses we observed in the market early this year. The divergences, we observed, among major indexes lately may confirm that scenario.