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SSS - AAPL, AMZN, CMG, PCLN: Leaders in Breakdown Mode?

As we wrote yesterday, the action in these leading stocks is likely critical for the market as they all test their prior breakout points. CMG is below its 50-dma, while AAPL is testing the 50-dma and AMZN looks to be heading for its own 50-dma. PCLN has already broken down hard through and below its 200-day movintg average. If we see clean failures to the downside and through their 50-day moving averages on AMZN or AAPL while CMG continues to remain under its 50-dma then this would likely be further negative evidence for the general market. As far as short-sale targets go, any of these stocks, had you shorted them yesterday on our suggestion, are now profitable shorts, and maintaining yesterday's upside stop-out levels ensures that one short these stocks has a chance of scoring if these stocks continue to break down while keeping risk to a reasonable minimum.
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