December E-mini S&Ps (ESZ14 -0.28%) this morning are down -0.27% and European stocks are down -0.23% as world equity markets retreated on concern over global growth after Japan Q3 GDP unexpectedly contracted for a second quarter, a sign of recession.

For most of 2013, discretionary sectors were leading defensive sectors (ratio was rising in 2013).

Procter & Gamble (NYSE: PG), McDonald's (NYSE: MCD), and PepsiCo (NYSE: PEP) are three industry-leading companies with sustainable dividend payouts.

Better to let the market tell you when that retracement ends than to try to impose your opinions on the market.

December E-mini S&Ps (ESZ14 -0.35%) this morning are down -0.33% and European stocks are down -0.44% as Amazon.com dropped 10% in pre-market trading after lowering Q4 revenue guidance .

Today Starbucks, Exxon Mobil and Procter & Gamble still have Trend Spotter sell signals.