Stocks to rally? Three ETFs won't make it

Jim Urquhart | Reuters

Even though U.S. stocks are trading at a record price, certain areas of the market may be ready to drop, according to fundamental and technical analysis.

Eric Mustin, vice president of ETF trading solutions at WallachBeth Capital, identified three exchanged-traded funds that may be ripe for a decline based on fundamental analysis.

CNBC Pro then asked Chris Verrone, head of technical analysis at Strategas Research, to give an opinion based on the charts.

So with the fundamental and technical analysis covered, the ETFs below could be ready to dip.