The stock market gained for the third day on a row pushing our indicators out of the floor with some already overbought like our ten day oscillator based on the advance/decline line and our ten day buying/selling index. Options traders bought heavily calls on equities pointing out to renewed otpimism from this category of market participants but this kind of behavior is fairly early in the cycle and a little bit suspect. Our systematic model has started to turn up with its components back to the neutral level. The next resistance lies at 2700.