Technical Damage Spreads As Investors Take Risk Trade Off

On the weekly recap, Scott Redler breaks down the technical damage in the overall markets as the selling pressure in Chinese internets, banks and commodity-related continues in a major way. Only the Semiconductors HOLDRs (SMH), Retail HOLDRs (RTH) and iShares Dow Jones Transport (IYT) groups demonstrated enough strength to prop up US markets.Similar to last week, unwinding of the risk trade was