The stock market broke out earlier than expected on the upside, reaching new highs on the Dow Jones Industrials and the S&P 500. Breadth hasn’t been convincing lately and we observed a lot of buying pressure as measured by various indicators like our buying/selling index. Our fear/greed index points out to a lot of greed among market participants which led to a sharp deterioration of our risk profile index. The weekly sentiment measures among private investors stand at a neutral level.