Alphabet (GOOGL) appears to be facing some headwinds as its stock value has significantly declined from its all-time highs just five weeks ago. Despite a slight miss in earnings, the company's dominant market position remains unchanged. However, increased scrutiny from the U.S. government and a general sense of unease in the market seem to be weighing heavily on the stock.

Recent market activity indicates that sellers are actively offloading Alphabet shares. Since the market's low on August 5, Alphabet's stock has shown minimal recovery, which is concerning. A series of distribution days leading up to this low suggested that negative sentiment was building. Key indicators are showing signs of strain, with poor money flow and the stock struggling to maintain its position at the 200-day moving average.

The only potential positive is if Alphabet is buying back its stock at these lower levels, which could provide some support. However, the question remains how long this support can last if large investors continue to sell.

Alphabet is currently rated as a "One" in TheStreet Pro Portfolio.