Stock Watch: KLAC, JAH, NTAP, ASCA

The following stocks look bearish to me. They could be good potential for bearish plays should the market continues its downward moves in the short term. So, for options traders, get ready with your put options, or other bearish (options) strategies that suits your trading style.

KLAC: Just broke down a triangle pattern.



JAH: Just broke down a bearish pennant.



NTAP: Bounced down resistance at 50 MA.



ASCA: Broke down support at around 28 – 28.5 at early Aug. After testing the resistance at 28 – 28.5, it looks like it may continue its downward move in the short term.



High volatility is still expected in the near future. So, trade carefully.