Additionally, it is not good when the financials lead the way down. What is up with Goldman?
From Afraid to Trade:
Are you ready to be surprised?
Five leading, well-known stocks in the Dow Jones Industrial Average (30 stocks) are near or just broke to fresh new 52-week lows in ongoing downtrends.
Simply stated, these stocks should be avoided.
Let’s chart these names, two of which may be very surprising to you:
Collectively, these are the five “weakest” stocks in the Dow given their ongoing downtrends (lower lows and lower highs) along with the new 52-week lows achieved.......MORE
Apple closed down 4.22% at $96.45 after a couple heroic, high-volume attempts to hold above $100 on Wednesday.
Goldman was off 3.08% at $164.76.