25-Feb

The markets pulled back from yesterday’s gains

The markets pulled back from yesterday's gains as we get more talk out of Washington. Semi's, Banks and Gas sectors were in the green while Healthcare, Airlines, and Transports were the weaker sectors. Many traders' look to the Semi's as a leading indicator. Semis were the stronger sector today.The market did not seem overly excited with last night's speech by President Obama as the market continues to search for more clarity. Some info came out today but we need more clarity each and every day. The markets may want to back and fill and test the recent lows again. The important issue will be how we react if we probe the 740 lows.

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