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!!
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| New York Composite Index Weekly Chart with Computer-generated Buy & Sell Signals |
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| Dow Jones Transportation Index Fund ETF (symbol IYT) Weekly Chart |
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| Deere (symbol DE) Weekly Chart with Computer-generated Buy & Sell Signals |
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