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.