Stocks made a statement with yesterday's high volume break of support, but the degree of downside follow-through remains to be seen.

The candlestick pattern on the chart for the S&P 500 index ($SPX) suggests that there is still a lot of indecision about the near-term direction, and Clive Corcoran does not have a lot of conviction in trading this index at present.

The trouble is unemployment and the economy are consistent with a depression -- especially a depression that the feds are fighting every inch of the way.

The stock market indices had a negative day and sharply so in most sectors. The morning saw a very sharp drop on negative consumer confidence index readings.

The coil pattern that is enticing Mike Paulenoff on the long side of Ford (F) has the right look of completion ahead of a powerful thrust.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for February 23.

Dr. Adrian Manz analyzes the major markets, stock sectors, and individual stocks for February 23.

Dave Landry takes a one-minute look at the stock market in his video for February 23.

The broad market has basically been directionless for the past two days, and there has been a relative equilibrium of buying and selling pressure. This occurs as most of the major indices are still trying to convincingly break out above both their 61.8% Fibonacci retracement levels and 50-day moving averages.

The exchange traded sector fund which tracks financial services is beginning to look vulnerable.