Charts of the Biggest Losers

These look like the best setups from the list I published earlier this evening. I included TXG as a reminder not to ignore price targets. Time is an issue with options, but a lot of these will be great straight up shorts to "sell and hold." Charts after the jump.

Today's Losers

More familiar names. These all fell at least 3 percent on high volume. I shrank the list with daily volume and market capitalization limits. A ABNB ACIW ADSK AER AMCR ANSS APTV ATI AVNT BALL BILL BL BLCO BR BRKR CBRE CDAY CE CF CFLT CGNX CHRW CLX CROX CRWD CTLT CWH CWK DDOG DLO DNB DOCN DT DV DVN ECL EL ELF ENTG ESI ET ETSY EW EWBC EYE FIVN FND FROG FRSH FTNT GDDY GH GLBE GOLD GPN GSAT GT HL HOOD HRB HUBS IDXX IOT JOBY JXN KSS LEA LNC LNTH LTHM LUMN MKSI NCNO NEM NLOK OI PARA QCOM ROK ROKU RPD RUM SOFI SSNC TEAM TEL TNDM TPX TRMB TWLO TXG VEEV VRSK XRAY Z ZBH ZI ZIM ZS

More Charts To Ponder

I neglected to include XBI in the h-pattern post. That one is a also a major and imminent pattern whose resolution will have important implications for the broader market.

Many Such Cases

Seen a lot of stocks pop on earnings and immediately fail. Here is one filling a gap and then giving up.

Screen Part Three

In addition to biotech, ARK and recent IPOs, housing related stocks are also popping up. Also a whole bunch of stocks I already own puts on or have covered here in the previous three months or more.

Most Targets Broke Down

Still waiting on XLY, but ALGN, CTAS, MPWR, INTU, RH, MSCI, POOL, IDXX all broke down. Usually this is when the football gets pulled away. I added CMG and ISRG on possible breakdowns. NFLX also broke down. Aside from these, I see a lot of bearish setups. Mainly wading through them looking for the best setups. There are so many in the tech sector alone that no doubt many are out there.

The two next shoes might be SMH and BTC Bitcoin.

UUP tagged its 50-day MA today. I don't think the dollar matters much for the stock market right now, but down would be better for inflation trades and tech weakness, and up better for more general bearishness.

I'm going into Monday with guns blazing, but I'm here for the day the market doesn't bounce. There is growing bearish sentiment, but a lot of its is cautious from my reading. Looking for a 10 percent pullback tops. Fearful of the Federal Reserve, jawbone or policy shift. I don't sense much confidence or risk taking on the bearish side. History and support levels say maybe this dip was it. There's a case for a bounce and there have been face-ripper run ups from the support area the Nasdaq bulls defended today. But...if that support doesn't hold...there is nothing but air below. The risk-reward is heavily skewed in favor of bears thanks to VIX remaining suppressed. the 10-year yield held its breakout too. If the Fed opts for dovishness, they will probably ignite crude oil and the 10-year yields, and then the Nasdaq and all the ARKK trash will walk into an empty elevator shaft.

Support Lies at the Bottom of the Abyss

Amazing charts. I have had, have, and/or will have again, puts on all of these. These is by no means an exhaustive list of all the potential targets out there.

Idexx

VIX has been crushed, but looking at individual stocks, volatility has been high. If individual stock volatility remains high, weak stocks could crack quickly. If the pattern holds, IDXX could be below support again well before monthy options expiry in January. Not necessarily the best example of this, but I view IDXX has a relatively strong stock with wide institutional ownership. If this is weak...

Price is Too High

Out of ROKU puts expiring this week, into MSCI and IDXX for January.

The Stock Price is Too Damn High

A 30 percent drop to former resistance, a 60 percent drop to former support. If it falls to support, it is still in a very bullish uptrend! This has all been a blow-off like 1998-2000. I think it's a far larger pattern because autumn 2018 maps to summer 1998. In any case, the fact that the same factors are in play as in autumn 2018, namely a tightening Fed, screams caution.

Healthcare Targets

Found in the medical devices or healthcare provider ETFs. Might add some of these todayif the prices are right.

Will Icarus Stocks Decline?

There are a lot of stocks that I have on a high-priced watch list, which are there only because their price is high. Their puts are sometimes cheap.