Monday's sharp drop was followed by the anticipated pullback/consolidation. Now, a record number of consolidations are occurring, nearly all with shrinking volumes.  

This suggests a lack of buying conviction and a higher likelihood of a waterfall price action - ie further volatility and downside.  

The markets do remain precarious, and volatility could manifest as uncomfortable whipsaw action.  

Here are four stocks to keep on your radar this week:

• CTVA (bearish) - Before earnings it looked like a potential buy, and post earnings it looks like a sell if it can breach its recent lows.  Bearish OVI, bearish Shrinking Retracements, bearish action around Key Levels... The Big Money Footprints point to bearish action. 
• FUTU (bearish) - Consolidating just below its 200-dma and with earnings on 20th August. The signs look bearish, but you might want to hold off until after earnings or monitor as earnings is announced before the open. 
• JCI (bearish) - Another bearish post earnings setup with negative OVI and bearish Shrinking Retracements. Price action needs to confirm failure at its 50-dma in order to become a bearish play. 
• TCOM (bearish) - Bumping its head on its 200-dma with several bearish Big Money Footprints on display including the OVI and Shrinking Retracements.

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