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.