After having tumbled the whole month of May, the stock market may try to stabilize and rebound somehow in early May to relieve some of its oversold status. Nevertheless, the damage occurred lately may take time to repair in the context of a tightening monetary policy and inflation that is far from being under control. Internal momentum is still weak as measured by various indicators: cunmulative advance/decline line, list of new lows, etc… The sentiment indicators are very depressed and are clearly the ones that are the most positive among our panel of measures.