Nasdaq Composite Has Multiple Sell Signals纳斯达克综合指数有多种卖出信号

US March CPI rose 8.5% year-on-year, higher than the 8.4% expected, and the core CPI rose 6.5%, lower than the 6.6% expected. Both indicators were the highest in 40 years. U.S. stocks rose this morning as the core CPI did not rise as much as expectation. The Nasdaq Composite rallied in the morning to fill the high of yesterday's down gap and then retreated sharply and has generated multiple  sell signals. Now the Nasdaq remains below the 20, 50 and 200-day moving averages and is still in a bearish trend. It seems that it is inevitable that March low of 12555 level will be tested. Here are the various sell signals:

1. The price of the Nasdaq is below the 20, 50, 100 and 200-day moving averages, its long, medium and short-term trends are down.

2. The morning rise filled the high of yesterday's down gap and then fell sharply. This is a classic reversal down sell signal.

3. The commodity channel indicator CCI fell below the 0 line and touched the -100 line, it's indicative of weakness.

4. On Balance Volume OBV peaked and is trending down. This is indicative of buying overshadowed by selling.

美国3月份CPI比去年同期上升8.5%高于8.4%的预期，核心CPI上升6.5%低于6.6%的预期。这两种指标均为40年来最高。美股今早因核信CPI没有预期高而上升。纳斯达克综合指数早上上升填补了昨日缺口的高位后随即大幅回落而发出多种卖出信号。现在纳指仍然低于20，50及200日均线而保持看跌趋势。看来下探3月低位12555已无可避免。下面是各种卖出信号：

1. 纳指价位低于20，50，100及200日均线，长中短期趋势均看跌。

2. 早上上升填补了昨日下跌缺口的高位后随即大幅回落。这是一个经典的反转向下卖出信号。

3. 商品通道指标CCI跌穿0线及碰到-100线， 表现弱势。

4. On Balance Volume OBV 见顶下跌，显示卖盘盖过卖盘。