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It's no secret that my two favorite cloud names are Adobe (ADBE) - Get Adobe Inc. Report and Salesforce (CRM) - Get, inc. Report . In fact, I just added to my ADBE long yesterday. Don't love that chart, just needed to increase exposure in order to keep in balance with my CRM long (discipline!), and did so at an extreme discount. Remember, I do everything incrementally. Let's take a look at the two of these stocks, shall we?

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Adobe has run into some trouble here. Double top at $276. My Pitchfork model obviously broke last week. The daily MACD, Relative Strength, and Money Flow have all turned against. The positive? This name has made a habit of finding support at retracement levels of 50%.

If ADBE were to repeat that pattern on this sell-off, the support shows up at around $243. If one is brave enough, sizable premiums are being paid for significantly out-of-the-money puts in this name. I am short some myself, but this is dangerous, as we don't know where and when the level of fear in these seemingly "growth" type stocks will either subside or spike. I cannot recommend a derivative position of that type at this time for the retail investor without understanding the individual's personal tolerance for pain.

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This cute little guy is in better shape, at least technically, than it's chief competitor. Yes, the daily MACD, Money Flow, and Relative Strength have all turned against the name - but as you can plainly see, my Pitchfork model that dates back more than a year remains unbroken.

Although this name typically finds support at retracement levels of 38.2%, this sell-off has forced us to look at 61.8% as the spot...which worked yesterday. My target price for this name remains $170. You may recall that my panic point for CRM has been $140. At this point, I am more likely to add small there than I am to sell, but treat that subject. When fists start flying, I am no different than anyone else.

(Salesforce is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells CRM? Learn more now.)

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At the time of publication, Guilfoyle was Long ADBE, CRM, Short ADBE.