Steady Selling Pressure on Retail and Financial Stocks (ETFs: RTH, XLY, IYG)

After peaking in late-July, there has been steady selling pressure on the retail, consumer discretionary, and financial services areas, writes Nick Perry, who covers ETFs for Schaeffer's Investment Research. At first glance I assumed that this meant that the groups just failed to gain traction while other groups rallied. But as I went through some charts I noticed a trend. There is some overlap in the constituent stocks, but I still thought this was worth noting. At this point, the losses aren't too heavy, but I would keep an eye on how this develops. Take a look:

After peaking in late-July, there has been steady selling pressure on the retail, consumer discretionary, and financial services areas. There is some overlap in the constituent stocks, but I still thought this was worth noting. At this point, the losses aren't too heavy, but I would keep an eye on how this develops.

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