The market has given away a 63 point gain this morning after a solid technology led rally on Wall St and a 5.7% jump in the Chinese market yesterday. We discuss today whether we should be buying the market and come to a few conclusions about which stocks and sectors are likely to perform if the market does continue to recover. It looks like a very different anatomy to the March rally this time, focused more on quality and safety than on the buying of oversold recovery stocks. It'll be interesting to see if this Chinese economic optimism develops. We have the results season around the corner in the US and Australia and whilst that offers all sorts of opportunity it also offers risk. We still haven't bought anything in our SMAs, but are being forced to think about it.