GMI declines to 3; new QQQ short term down-trend; Stage 4: HLF


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.

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