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.
Originally Posted on Ryan's Blog at SharePlanner.com
