Morning Market Update for September 10, 2013

Tuesday's positive trading in the Dow makes the 50 day moving average target more viable. Expect some profit-taking along the way but as long as the markets continue to close above the 8ema, the overall trend will remain positive. The NASDAQ, with today's gap up through the top resistance level indicates wave three is in progress. Stay predominantly long, there are still a few gold stocks that can remain short. Be cautious of some profit-taking but remain in positions that are not demonstrating full sell signals. Have a great trading day. Learn more how we can improve your trading http://www.SylandDave.com