Last Updated: February 18th, 2009: 12:45 PM ET---The major US equity indices are seesawing from negative territory to positive as investors struggle to find direction while listening to President Obama's speech in Arizona. Market sector action is divided with five sectors in the red and five in the green. Technology is sporting the largest gain, trading 1% higher, while utilities stocks are the day's laggards, trading 1.4% lower. Financials, which have mainly decided the direction of the market over the past few trading sessions, are trading at the unchanged level. President Obama is currently unveiling his $75 billion mortgage relief plan in Arizona, which involves removing certain restrictions on Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and allowing families to restructure their loans. The second part of the plan involves new incentives for lenders to work with borrowers in order to get credit flowing and to modify subprime mortgages. The third part of the plan involves major steps from the government to keep mortgage rates low for middle class families. Using government funds already granted, Freddie and Fannie will continue to purchase subprime mortgage backed securities.

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