February 22nd Daily Market Comments

The lack of strength in today’s markets is not yet any indication there has been a change of investor sentiment, however the hard selling in the transportation index is the first signs that bullish sentiment may be waning. A trend channel is becoming more evident in the transportation index, especially after some obvious candlestick sell signals that have developed over the past few days of trading. The overall trend of the markets has not yet been altered, but be ready to take some profits on signs of weakness.