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To quote my buddy, Zacks’ Jeremy Mullin, “The VIX is back baby!” Sure enough as volatility took off for a second day in a row. The headlines are blaming North Korea tensions but I don’t think I’m buying that. The more reasonable explanation for me is we hit a Fib extension target and now are coming down to test the 50-day on the NASDAQ. Simple as that.

Check out Dave’s Daily Dive video above where I break down the market action today!!!

Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.

But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is where I uncover five Zacks Rank #5 (Strong Sell) stocks that are breaking down to new 52-week lows. These stocks are examples of stocks to avoid as you’re out there looking for bargains in the wake of today’s price action. The list of stocks I cover today include:

Core Laboratories (CLB - Free Report)

Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services to the oil and gas industry in the United States, Canada, and internationally. It operates through three segments: Reservoir Description, Production Enhancement, and Reservoir Management. The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors.

Flotek Industries (FTK - Free Report)

Flotek Industries, Inc. develops and supplies chemistry and services to the oil and gas industries in the United States and internationally. It operates through two segments, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies.  The company also provides reservoir engineering and modeling services for various hydrocarbon applications. It serves pressure pumping service, international supply chain management, and cosmetic companies.

Green Plaines (GPRE - Free Report)

Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Food Ingredients; and Partnership. As of December 31, 2016, it owned 39 ethanol storage facilities; 8 fuel terminal facilities; and approximately 3,100 leased railcars fleet. 

 

Harley-Davidson, Inc. primarily manufactures and sells cruiser and touring motorcycles. The company operates through two segments, Motorcycles & Related Products, and Financial Services. 

WESCO (WCC - Free Report)

WESCO International, Inc. distributes electrical, industrial, and communication maintenance, repair, and operating (MRO) products; and original equipment manufacturers products and construction materials in North America and internationally. The company offers general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies. 

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