The stock market settled the third expiration of options and futures of the year in a tight trading range. Our indicators paint a mixed picture with some of them fairly overbought and extended, reflecting the divergence between the latest evolution of major indices with the Dow Jones Industrials leading the pack this time and the Nasdaq Composite Index lagging. It is interesting to observe, as there is only one quarter of trading left this year, that the market has already almost completed a full economic cycle which explains the volatility, large price swings and sector rotations going on at a fast pace.