The stock market started to struggle against various resistances as internal momentum is also fading (1883 stocks up, 2423 down). Options traders continue to pile up on calls as measured by put/call ratios. The weekly sentiment survey among private investors is neutral as the percentage of bears declined. In summary, the stock market is overbought by many measures and our indicators are neutral to overbought. In terms of seasonality, the market is going to enter into the weak period of the year from April to October. Watch closely the comments of companies when they will release their earnings over the next few weeks to gauge the level of confidence regarding the future evolution of their business.