Charts of all nine sectors, noting new lows in XLY, XLV and XLF (did he not notice XLK new low for year?). You can sign up for their free newsletter at the bottom of the home page.
Disclosure: I am/we are short SPY.
Additional disclosure: my "disclosure" is actually short SPX via option strategies generally designed for gradual decline (slightly negative delta that has almost reached a neutral position - need to get more negative! + relatively big positive theta, "hedged" by similarly big positive vega)