Deron Wagner's overnight research revealed very few quality long or short setups. This suggests a pullback or several days of consolidation would be in order.

The chart for XLU, which is the Utilities Select Sector SPDR, has characteristics indicating that this sector is stalling.

The stock market indices ended mixed today, but slightly higher on the S&P 500 and Nasdaq 100, with the Dow off by just 5 points.  It was a positive session in that advance-declines and up/down volume were to the plus side today.

Real trouble comes unannounced.  Black swans do not honk before they appear.

The correction in US Steel (X) likely ended, and a new upmove has emerged.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF February 14.

Dave Landry takes a one-minute look at the stock market in his video for February 14.

Although divergence continues among various ETF groups, the broad market appears to have repaired itself quite a bit over the past several trading sessions. Most short-term technical signals point to another move up for the market.

Asian trading today has seen good rallies with both Shanghai and Mumbai indexes. Clive Corcoran would consider playing the long side while the momentum favors a more risk on approach to these two markets.

While the debt supercycle is still growing on the back of increasing government debt, there is an end to that process, and we are fast approaching it.