Dave Landry's Market in a Minute - Tuesday, 2/7/12
With a flat day, not much has changed. The shorter-term persistent uptrend remains intact. However, the market is overbought at these levels. So, once again:
If you have been buying into this rally as I have been suggesting, then use this opportunity to take partial profits as offered. And if you haven't, it's a little too late for this cycle to start buying. Wait for the next pullback then look to get in if the trend shows signs of resuming.