Morning Market Update for Dec 12, 2013

The buying in the markets this morning should be viewed with suspicion. Wednesday's selling was across-the-board, in all indexes. This signified a change of investor sentiment versus shifting from some sectors to other sectors. Any long positions remain in the portfolio needs to trade above the 8ema. Adding a few more short positions to the portfolio is the viable strategy. Portfolios should now be oriented toward the short side.