Shorts Working Before Mondays Weakness

Monday brought about a second consecutive poor start to a week, especially for the Nasdaq. Could we be in for some tough times ahead? Of course only price action will let us know the answer to that question, but some high profile names within the tech benchmark have been giving some possible foreshadowing. GOOGL as looked shaky for sometime, now down 3 of the last 5 weeks and fell last week by 3.8% in above average weekly trade. NFLX is also down 3 of the last 5 weeks and more than 30% off recent 52 week highs. AMZN lost 7.7% last week and solidly into bear market territory lower by 25% from recent 52 week highs. Lets look at a couple names that have been sending warning signals. Below are how they were written exactly in recent Game Plans.