I am still not clear whether this new down-trend will last. If it gets past 5 days, I will be more confident. Almost one half (41%) of the new short term down-trends since 2006 have lasted 5 days or less. Bio-techs remain strong, however. Here is a bio-tech, BSTC, that came to my attention when it broke its green line top on unusually high volume. I have a small position in BSTC. Check out its daily chart. BSTC has held its own through all of the recent market volatility.
I also nibbled at ESPR. ESPR will likely consolidate after this huge beak-out.
Both of these stocks came to my attention through my TC2000 high volume up bio-tech scan.