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Afternoon Market Update for Dec. 12, 2013

The Dow continues to be the most compelling for the short side. The NASDAQ and the S&P 500 are trading in decisively but obviously all three indexes remain below the 8ema and Stochastics is still in a downward trajectory. Any long positions should have compelling reasons to stay long, and short positions to the portfolio until a support level is reached. Continue to hold short positions as well as any remaining strong long positions in the portfolio.

Morning Market Update for Dec 12, 2013

The buying in the markets this morning should be viewed with suspicion. Wednesday's selling was across-the-board, in all indexes. This signified a change of investor sentiment versus shifting from some sectors to other sectors. Any long positions remain in the portfolio needs to trade above the 8ema. Adding a few more short positions to the portfolio is the viable strategy. Portfolios should now be oriented toward the short side.

Morning Market Update for Dec. 10, 2013

With the big move on Friday, the Dow had the opportunity to do some backing and filling/profit-taking yesterday, but it didn't. However, today in the Dow has already come back and use the 8ema as support and traded up from that level. And although the Dow is trading soggy Tuesday, the NASDAQ and the S&P 500 are trading flat, continuing to indicate the slow uptrend remains in progress. Currently there are no sides of any change of investor sentiment. Anticipate more slow upside move it in the markets. When there is no change of investor sentiment, the trend remains in progress. Continue to hold long positions. There are still opportunities to have a few short positions in the portfolio.

Afternoon Market Update for Dec 09, 2013

The markets continue to show bullish strength but very mildly Monday. It still is producing a trading atmosphere for stock specific trades. However, the majority of individual stock trends continue to consist of up moves with pullbacks, but with an overall upward bias. As long as the markets and individual stock charts remain above the 8ema, it continues to be assumed the uptrend is in progress. Hold long positions as long as they do not demonstrate weakness and close below the 8ema. Although the overall trend of the markets is positive, individual stock charts are illustrating buying as well as selling as their slow uptrending projection remains in progress. Stay long unless you see severe sell signals and closes below the 8ema.

Morning Market Update for Dec. 09, 2013

After a big day like Friday, it would not be unusual to see some profit-taking. However Monday's trading illustrates continued bullish participation in the markets. This provides the scenario of a healthy/steady uptrend. Stay long provided those severe candlestick reversal signals do not appear in the indexes. The same applies to individual stocks. As long as the uptrends remain above the 8ema, continue to hold. Many uptrends consist of bullish stages followed by pullbacks but as long as prices remain above the 8ema, continue to hold.

Afternoon Market Update for Dec 03, 2013

As the pullback continues, numerous charts are starting to show sell signals. Close out long positions that are starting to show weakness. Conversely, continue to hold the position that are showing strength, still buying or holding in particular stocks in spite of the market direction. The Dow is showing the most weakness with the S&P 500 now trading back below the 8ema. The sellers are taking control. Close weak positions, they can always be bought back if the indexes come back up above the 8ema. Add some short positions to the portfolio as you close out long positions that are showing sell signals.