SBUX already broke down rallied to its March 50 dma and created its first opportune time to get short. This breakdown past two days is bad. It failed both 50/200 dma, with a pickup of volume and a move below yesterdays close it is becoming obvious SBUX looks to be going to the lower 40's.
CMC is coming right back to that March high (which churned on huge volume) off of a rally that showed lackluster enthusiasm. With yesterday's move to the downside with a pickup in volume, my moneystream making new lows already for the year, and the ugly BOP it looks like CMC could go to the mid 20's.
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