The market may have seen a small rebound after the selloff earlier last week, but in a strange coincidence, the charts for several top names are showing patterns that may be flashing a warning sign for stocks.
While the S&P 500 flirts with new record highs, some of its biggest and most recognizable names are stuck in the mud. Shares of Apple, Disney, Nike, Starbucks and Facebook have sold off an average of 5 percent from their highs shortly after reporting earnings. ( Tweet This )
These selloffs are significant because of the important role these names have played in the S&P 500's rally over the past several months, said Dan Nathan, founder of RiskReversal.com.
"They have been leaders throughout this whole bull market," the CNBC contributor said on "Options Action" on Friday. "In some ways, they are kind of like a Teflon portfolio of U.S. consumer stocks."