There are signs of weakening. GDP growth figures are being revised downward. Consumers aren’t spending. Banks aren’t lending -- except to the federal government.

The stock market indices staged a very strong rally in the morning when they gapped up strongly, formed bull flags, ran hard mid-morning, flagged again near midday, and then spiked up to the highs for the day.

Research in Motion (RIMM) has found support where its two downlegs are equidistant.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for August 17.

Dave Landry takes a one-minute look at the stock market in his video for August 17.

Many industry sectors have been moving in sync with the major indices in recent weeks, but the Semiconductor Index ($SOX) has been showing major relative weakness.

Economists are finally beginning to ask questions. How come the economy isn’t doing better? Why aren’t consumers spending? Why aren’t businesses hiring?

The stock market indices started out the day with a big gap to the downside and made new pullback lows, but quickly turned it around and very sharply.

The iShares Silver Trust (SLV) are up nearly 2 percent, in sympathy with higher gold and a pullback in the dollar.

Dave Landry takes a one-minute look at the stock market in his video for August 16.