Technical Summary: In our last technical report we commented that SKT was in no way buyable from a technical perspective. While the stock did appear to try and round out a bottom in the subsequent months it has recently broken down again to new lows. We maintain our view from our last technical report. The stock now has a significant amount to overcome on the left hand side of the chart before this became buyable again. For now the stock is in a long term downtrend and should be sold.