Healthcare Kabobs on a Skewer for Bears

The HZNP and VRX post-earnings sell-offs stand out in an otherwise choppy market early on. As crude oil flopped around after the opening bell, so too did stocks, with the S&P 500 featuring buyers and selling duking it out at the 1950 level. 

Regarding the big healthcare names, we know HZNP VRX have been broken charts for a while now, despite riveting one-day rallies here and there. 

With this in mind, inside Market Chess Subscription Services we have our eyes on a few "pin action plays," meaning stocks which could easily get hit off the HZNP VRX selling in the same sector. 

Merck is one idea, seen on its daily timeframe, below, breaking down from a bearish rising wedge pattern in the context of an established downtrend.