In the universe of about 300 relatively active securities that I closely follow, preliminary monthly chart sell signals have been triggered by my computer trading system in the following stocks and indexes: AMD, ALL, BAS, DHI, FWLT, KMB, LLTC, MCHP, MO, QCOM, IWM, Russell 2000 Index, SNDK, and YUM.
For your review, I have attached the monthly chart for Qualcomm (QCOM) and the Russell 2000 Index with all signals generated by my computer trading system. As mentioned in previous columns, the accuracy of signals generated in the Russell 2000 Index has been nothing short of amazing!
Official weekly chart sell signals were triggered last week in the following stocks (and one ETF): AB, BRCM, KO, F, HON, RTH, SMH, TPX.
The latest weekly charts for the Semiconductor ETF (symbol SMH) and Honeywell (HON) are shown below along with all signals generated by my computer trading system.
Bottom Line: It looks to me like a major stock market correction is now underway!
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| Russell 2000 Index Monthly Chart with Computer-generated Buy & Sell Signals |
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| Qualcomm Monthly Chart with Computer-generated Buy & Sell Signals |
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| Honeywell (HON) Weekly Chart with Computer-generated Buy & Sell Signals |
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| Semiconductors ETF (symbol SMH) with Computer-generated Buy & Sell Signals |
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