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.