I’m pretty sure the bears will chalk up today’s market session as a victory, even with that lame ramp job in the last five minutes of trading. The one thing that the bears did manage to do as stated in my previous post, was to close below the intraday trendline that began off of the 1/28 lows.
The stocks below are showing signs of, or already in the process of, breaking down as the smart money appears to be leaving them in a subtle manner. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows.
Here are 24 Stocks Breaking Down.
