Make no mistake about it, the horrific terrorist acts that took place in France on Friday were indeed an act of war against the West. French President Francois Hollande should be congratulated for calling the attacks for what they were and not hiding behind some politically correct verbiage. Our hearts and prayers go out to the people of France and indeed to Europe. My concern is, what is going to happen to the markets and how the events in Europe are going to translate across the Atlantic to our equity markets. The world continues to change but one thing is for sure, we're all linked financially for better or worse. Let's take a look at the major indices individually and see what's happening this afternoon. DOW (INDEX:DJI) - you should be on the sidelines as a red weekly Trade Triangle was triggered today. SP500 (CME:SP500) - you should be on the sidelines as a red weekly Trade Triangle was triggered today. NASDAQ (NASDAQ:COMP) - major downtrend has resumed based on the red weekly Trade Triangle that triggered today. Gold (FOREX:XAUUSDO) - you should be on the sidelines as a green daily Trade Triangle was triggered today. EURO (FOREX:EURUSD) - major trend still down. Crude Oil (NYMEX:CL.F16.E) - major trend still down. Apple Inc. (NASDAQ:AAPL) - you should be on the sidelines as a red weekly Trade Triangle was triggered today. Facebook Inc. (NASDAQ:FB) - you should be on the sidelines as a red weekly Trade Triangle was triggered today. Amazon.com Inc. (NASDAQ:AMZN) - the trend is positive for Amazon with a stop exit signal at $596. Netflix.com Inc. (NASDAQ:NFLX) - a move below $99.35 pushes this stock into the neutral zone. Under Armour Inc. (NYSE:UA) - sideways action - a move below 80.10 signals a reversal to the downside. I will be covering all of these markets in today's video.
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