Bespoke Investment blog has an interesting ETF comparison of what has been (relatively) hot and not the past 6 weeks of the selloff.  I like to especially look at the lower left of this chart at the 10 major industry ETFs to see where the money is flowing.   As we mentioned in mid May the same sectors withstanding the selloff then [May 17, 2011: Two Recent Bull Markets - Consumer Non Discretionary and Healthcare], remain strong (relatively) now... obviously the defensive oriented ones.

[click to enlarge]