U.S. Stock Market: Unprecedented Consecutive Daily Chart Sell Signals

Just a quick note this evening with some of the latest results from my computer trading system.

Unprecedented consecutive back-to-back daily chart sell signals were triggered today by my computer trading system in the Morgan Stanley High Tech Index (symbol MSH). 

In another more important unprecedented event, consecutive back-to-back daily chart buy signals were triggered today by my computer system in the Pro Shares Ultra Short S&P 500 ETF (symbol SDS).

The Pro Shares Ultra Short S&P 500 ETF moves opposite the underlying S&P 500 Index by twice the amount of the underlying index daily change. In other words, if the S&P 500 Index declines 1% in a single day, the Pro Shares SDS ETF will then advance 2%. In the interest of full disclosure, I have a significant long position in the SDS shares (to fully capitalize on a meaningful stock market correction that is now expected to unfold on the very near-term horizon).

Daily chart sell signals were also triggered in the following large-cap stocks: Disney (DIS), General Dynamics (GD), Honeywell (HON), and Merck (MRK), among others.

Weekly chart sell signals have been triggered so far this week in the following stocks: AAPL, AIG, CRUS, F, GILD, NOV, RGC, STX, MRO, WAGE, and XRX.

The latest Investors Intelligence Weekly Sentiment Survey now shows the lowest percentage of bears since 1987. Only 13.3% of those polled in this survey are now bearish on the U.S. stock market. 

General Dynamics Daily Chart (symbol GD) with Computer-generated Buy & Sell Signals

Seagate Weekly Chart (STX) with Computer-generated Buy & Sell Signals

Tech-30 Index Daily Chart (symbol TXX) with Computer-generated Buy & Sell Signals

Special Update: U.S. Stock Market - Daily Chart Sell Signals Triggered Today

Daily chart sell signals were triggered by my computer trading system in the following indexes at today's NY close:

Russell 2000 Index (RUT), S&P 100 Index (OEX), Nasdaq 100 Index (NDX), and Morgan Stanley Tech Index (MSH)

and dailly chart sell signals were also triggered in the following ETFs:

QQQ, IWO, IWN

and daily chart sell signals were triggered in the following stocks:

APOL, ATHN, BK, CTAS, F, FB, FITB, GS, IMPV, NOC, CTX, SPSC, TWTR, USG, YHOO

And a daily chart BUY signal was triggered in the Pro Shares Ultra Short S&P 500 ETF (symbol SDS). In the interest of full disclosure, I own a very significant position in the SDS in my managed accounts.

Russell 2000 Index Daily Chart with Computer-generated Buy & Sell Signals

FaceBook (FB) Daily Chart with Computer-generated Buy & Sell Signals