Today there were three signal changes: The S&P 100 Index ($OEX) and Nasdaq 100 Index ($NDX) had Short-Term Trend Model (STTM) signals change from BUY to NEUTRAL. And the Nasdaq 100 ($NDX) intermediate-term PMO BUY signal changed to SELL.
The two daily charts of $OEX and $NDX below show the 5EMA crossing down through the 20EMA, generating STTM NEUTRAL signals.
The $NDX weekly chart below shows the weekly PMO crossing down through its signal line and generating a weekly PMO SELL signal.
Technical Analysis is a windsock, not a crystal ball.
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About the author:Carl Swenlin is a veteran technical analyst who has been actively engaged in market analysis since 1981. A pioneer in the creation of online technical resources, he was president and founder of DecisionPoint.com, one of the premier market timing and technical analysis websites on the web. DecisionPoint specializes in stock market indicators and charting. Since DecisionPoint merged with StockCharts.com in 2013, Carl has served a consulting technical analyst and blog contributor.