Morning Market Update for August 21, 2013

Once again we are in the market mode of one index up, one index flat, one index down. This reveals there is no strong direction in the markets one way or the other. Currently the slow market direction is in a downward mode. However, there are still good bullish patterns in this market as well as good bearish patterns in this market. The markets are still in conditions that do not demonstrate any forceful move one way or the other. This is the summer doldrums. Have a great trading day,