The market is acting like a hired assassin this morning and I for one am not enjoying it the least bit. I was stopped out of a number of positions at the market open, which stinks, but I'll just have to learn from it and move on. I got knocked out of ANN, QQQQ, BRKR, and ITW. Luckily my buy in Apple (AAPL) in after hours trading has helped alleviate those losses some.
Of the stocks breaking down below, I'd watch for MICC as it confirmed a double-top on the daily charts.
Here are 6 Stocks Breaking Down
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>