The Four Horsemen Give Up

The four horseman (AAPL, AMZN, GOOG, RIMM) lead the techs to a nice multi-month run after the August ugliness, but the reign appears over. In recent days a few of the horseman began breaking uptrends,but today the last straw was drawn when AMZN was the last to break trend.

The warning signals have been there for over a month with the lower highs showing up on the daily charts, and with the confirmations this week of the broken uptrends it's now official -- the Four Horseman are no longer leading the market.

This shows up clearly on the NDX daily chart as well. (see above)

Take a look at the charts below to see the story being told by the horsemen and how they affected the broader NDX chart both before and after the breakdown.

Amazon Daily Chart:




Apple Daily Chart:



Google Daily Chart:



Research in Motion Daily Chart: