The stock market bounced back after last week selloff helped by short covering, adding buying pressure to the upmove. This is confirmed by our buying/selling index and our capitulation index. Breadth improved with 2324 stocks closing up and 1293 settling down. Sentiment indicators measured by the activity in the option market was fairly neutral. The ideal scenario would call for a brief consolidation and a final selloff towards the objective we mentionned several times in our previous comments around 2550.