The markets broke their win streak to start the holiday shortened week, and major ETF's went along for the ride. The S&P 500 (SPY  ) was higher for 6 straight days but Tuesday marked the end of that streak. Many traders feel that a pause within a range of $275 to $270 is in order before making the next move.

The Nasdaq 100 (QQQ  ) has attempted to be the leader this week so far. Tech names held the QQQ in positive territory for most of the day, but with no follow through from the other sectors, it eventually gave in. The QQQ has also had a 6 day win streak which came to an end on Tuesday.

The Gold Mining (GDX  ) space continues it's selloff this week with losses already nearing 3%. The GDX has been stuck in a very large range and for now that seems to be continuing. The Metals and Mining (XME  ) sector has fared much better as many investors seem to want the diversification across many metals. The XME is lower by 2% for the week.

Volatility (VXX  ) started the week pushing slightly higher. The VXX was higher by 4% by Tuesday as investors seemed to think 6 days higher was enough. The VXX continues to hold up as investors still like the idea of a little protection.

Lastly, Consumer Staples (XLP  ) stands out as a weak sector. The XLP has sold off over 2% already this week and a closer look reveals that it has not recovered as much of it's recent declines unlike the other sectors, and markets. Technical traders note the 200 day moving average as being a notable resistance area in the short term, and support at the lows of $52.50.