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.