S&P Capital IQ Chief Technical Strategist Mark Arbeter discusses the intermediate term concerns for sector leaders and shows the bearish weekly momentum divergence of the S&P 500 Consumer Discretionary Index. For further technical comments from Mark Arbeter, please visit www.marketscope.com.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.