Major Sell Signals Spread Across the Stock Market
U.S. equity markets are showing increasing signs of weakness, with the NASDAQ leading the major indexes lower while the Dow and S&P 500 remain on sell signals. Rising bond yields and higher energy prices are adding pressure, with West Texas crude approaching $100 and Brent crude above $100. The TSX has also formed a lower high, while financials and communication services have generated new sell signals.
The transcript highlights several areas requiring close attention, including bearish patterns across major indexes, weakness in Nvidia, Shopify, and several financial and telecom stocks, and continued pressure in small- and micro-cap equities. At the same time, some energy stocks are showing relative strength, while Enbridge and TC Energy are approaching potential buying setups at the bottom of their panic zones. Overall, the outlook points toward potential selling at Thursday’s open.
Stephen Whiteside
Thursday, September 10, 2026
