A QUICK LOOK AT SOME OF THE STOCKS THAT RESPONDED TO THE DOWNSIDE

Keep in mind the industry groups I posted, also keep in mind when many of these stocks started to reverse, at the end of Q1. Also note the false breakouts that began many of the reversals. It seems that TM Toyota's news that they will have to shut down North american factories, potentially affecting 25,000 jobs was the initial catalyst for the move out of the quiet zone. Because of time, I can't go into great depth on each chart, just keep in mind the aforementioned elements.

 AAPL as mentioned earlier looks to have found some support in the $338 area, well see how far it can take it, I doubt too far.

 Financials were among the weak sectors, DB here appears to be reversing on the daily chart.

 Here are a couple of breakout highs both hit with distribution in DB



 DRYS, a trade from Feb. 17 (short) made a marginal false breakout.

 Here's 3C at the false breakout on DRYS

 Note the volume on the failed early morning move today in GOOG

 GOOG's 5 min chart showing the failed move. There have been many recent posts on GOOG's apparent weakness.

 And a breakout above resistance in GOOG that fails. Above is the 3C chart showing the failure.

 GS, again financials showing weakness today.


 And it seems GS was kissing the top goodbye, with a shooting star candle on Friday and an engulfing candle thus far today, both bearish.


 GS 3C chart at breakout.

KSS weakness, note the dates.

 KSS false upside breakout in 3C

 M in retail, consumer discretionary, a negative 10 min 3C divergence at Friday's highs.

 Again, the date in which M started breaking down.

 QCOM-(Tech) today intraday

 Today's daily candle looks really bad.

 Other then the QCOM neg. divergence at the top, 3C barely responded to the bounce.

 RIMM, which has been featured a lot lately, a victim of the margin squeeze.. Today RIMM broke to an intraday new low, we'll see where it closes.

 Look at the early morning action today in RIMM.

 SHLD (retail)-note the date it started to reverse and the number of failed breakouts.

 SHLD daily 3C, again 3C didn't respond to the bounce at all and is leading negative.

 TGT (retail) intraday action.

 The red arrow is where there was a short call on TGT on Feb. 17th. Today appears to be a bearish engulfing candle.

 TGT's recent 3C negative divergences, right at the end of quarter.

 TM-here's the announcement-

 USO breaking higher, I do think it will pullback a bit.

 Here's the 1 min positive divergence sending USO to new highs today.

 UTX-(conglomerate) and the intraday action since 4/1

 Two attempted breakouts both fail and create a bearish reversal pattern  (shooting star confirmed with a bearish engulfing candle).

 UUP had some strange behavior Friday, but there's apparent accumulation ongoing.

 WDC (tech) breaking out above an important resistance area.

 On the daily chart of WDC, a closer look at 3C action at the breakout suggests a failure.

 WDC intraday action-note the date.

 WYNN (consumer discretionary) and what appears to be two false breakouts.

 WYNN and 3C 10 min appears to call both breakouts as failures.

And the intraday action in WYNN today, it's gapped up and lost all the gains.