What we have below is a handful of stocks that are showing signs of, or already in the process of breaking down as the smart money seems to be leaving them in a very subtle manner. In order for these setups to work, you are going to need some cooperation from the general market, which we have gotten of late. Whether the dip buyers jump in or not is any one’s guess. Most of the stocks below were showing bearish divergences from the general market long before last week’s meltdown.
Another interesting note to make, is that you’ll see the incredible breadth of industry representation in the list below, indicating that the previous week’s market sell-off isn’t focusing on a handful of industries – instead the weakness is broad-based, and could be an indication of further bearishness to come. Also this screen has expanded from 19 to 36 stocks with much tighter screening parameters.
Click Here to See the 36 Stocks that are Breaking Down.
