Last week’s rally fizzled out in the last minutes of trading Friday with important selling as measured by our buying/selling index. Breadth closed negative, reversing the trend of the previous days: 987 stocks advanced compared to 3053 that settled down. Hedging activity in the option market was neutral as are some indicators based on the advance/decline line. Our risk profile index has recovered from its deep oversold conditions and stands in the low 30’s.