Economic data is signaling that secular deceleration in growth is still well in force.
Tracking the sector is an excellent way of gauging consumer discretionary spending habits.
Unlike rival Buffalo Wild Wings, Wingstop doesn't want to do anything but sell chicken wings.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the PowerShares S&P SmallCap Consumer Discretionary Portfolio where we have detected an approximate $27.5 million dollar outflow -- that's a 22.9% decrease week over week (from 2,400,000 to 1,850,000). START SLIDESHOW:Click here to find out which 9 other ETFs experienced notable outflows » The chart below shows the one year price performance of PSCD, versus its 200 day moving average: Looking at the chart above, PSCD's low point in its 52 week range is $41.36 per share, with $50.91 as the 52 week high point — that compares with a last trade of $50.02.