By no means can I definitively say that we are headed for a bear market in equities. While there are plenty of risk assets that have entered bear market territory (down 20% from highs), some of the weakness in commodities and currencies could speak to better growth ahead for the U.S. economy or greater attractiveness for dollar denominated assets.
That being said, I thought I would showcase some of my favorite examples of stocks that have just entered bear market territory. This post is just charts from here on out; up to you to choose your own adventure if you are inclined to buy the dips. I highlighted key breakdown levels in red and very near term support in dotted green (when it exists), and likely where it goes if broad market is down 10% in coming weeks/months (NOT SAYING THAT’S HAPPENING):
Micron (MU):
SuneEdison (SUNE):
Priceline (PCLN):
Delta (DAL):
Yelp inc (YELP):
Trinity (TRN):
General Electric (GE):
American Express (AXP):
General Motors (GM):
Freeport-McMoran (FCX):
