Markets looking ugly again. IBD still sees correction. With new QQQ short term down-trend I am getting defensive again. Not looking for longs. I ran my scan looking for possible shorts, stocks that have climbed a lot in the past year and are beginning a possible Stage 4 decline. TC2000 came up with four stocks: CF,BIDU,FOSL,HLF. This weekly chart of HLF shows a stock that is breaking below its 30 week average (red line) with a pattern of high volume down weeks (red spikes). Click on chart to enlarge.
