New Position

I have about 30 stocks on my breakdown list this morning. Facing severe weakness at the opening bell has me proceeding cautiously as my rules dictate to never chase a trade. However I did initiate a fresh position first thing. Here's hoping TM is about to crack. If it trades much below current levels (and long term support) it could have a lot of downside. As always I have a tight stop to control my risk and if I'm wrong I'm gone.