Monthly Chart Sell Signal Triggered in the Nasdaq-100 Index (NDX)

An extremely rare monthly chart sell signal was triggered today in the Nasdaq-100 Index. See chart below.

Monthly chart sell signals were also triggered in the following stocks and indexes: AMAT, CMCSA, CRUS, KLAC, MCHP, MSFT, NFLX, QQQ, RTH, SBUX, SMH, SO, and TXN.

An interesting weekly chart sell signal was triggered in FaceBook (FB) among other stocks. Please see chart below.

A daily chart sell signal was triggered today in the Russell-2000 Index ETF (symbol IWM). Please see chart below.

Bottom line: These key sell signals provide very strong evidence that a major stock market correction is now underway!

Nasdaq-100 Index Monthly Chart with Computer-generated Buy & Sell Signals

Nasdaq-100 Index Daily Chart with Computer-generated Buy & Sell Signals

FaceBook Weekly Chart with Computer-generated Buy & Sell Signals

Russell 2000 Index ETF (symbol IWM Daily Chart with Computer-generated Buy & Sell Signals

New York Composite Index - Weekly Chart Sell Signal !!

Just a quick note here tonight...

A preliminary weekly chart sell signal was triggered by my computer trading system in the New York Composite Index at today's NY close. Please see the attached chart.

A weekly chart sell signal was also triggered in the Dow Jones Transportation Index Fund ETF (symbol IYT) and the Dividend iShare ETF (symbol DVY) at today's close.

Weekly chart sell signals were also triggered in Caterpillar (CAT) and Deere (DE) at today's close.

It's not a stretch to suggest that a weekly chart sell signal could be triggered by my computer trading system in the S&P 500 Index by the end of this week.

Bottom Line: In the U.S. stock market, trade short or stay sidelined in cash! A major correction is now underway!!

New York Composite Index Weekly Chart with Computer-generated Buy & Sell Signals

Dow Jones Transportation Index Fund ETF (symbol IYT) Weekly Chart

Deere (symbol DE) Weekly Chart with Computer-generated Buy & Sell Signals