Weekly Rewind: Commodities, Emerging Markets Most Oversold ETFs

|
 |  Includes: DBA, DBC, DBE, DBP, DIA, EEM, EFA, IWM, IYR, IYT, PWB, PWV, PXMG, PXMV, PXSG, PXSV, QQQ, SPY, TLT, UUP, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: ETF Prophet

By Jeff Pietsch

The majority of tracked ETFs ended the second week of the year lower on Friday's options expiration rout, including the S&P 500 (NYSEARCA:SPY), down -0.8%. Bucking the move were the "Safety Sectors," including Utilities (NYSEARCA:XLU), Consumer Staples (NYSEARCA:XLP) and Healthcare (NYSEARCA:XLV), Large-Cap Value (PWV +0.2%) stocks, and long-dated Treasuries (TLT +2.0%).

(Click Image to Enlarge/ ETF Rewind Glossary)

This corrective move left select Commodities (NYSEARCA:DBC) and Emerging Markets (NYSEARCA:EEM) the most oversold of the lot. Meanwhile, inasmuch as most equity indices have been tightly range bound, the S&P has likewise been unable to record back-to-back losses since December 7th and 8th. I wonder if we aren't overdue in that regard?

Holiday shortened week three of 2010 features the following reporting calendar and rotation model selections (a new feature for 2010!):

Hope you're having a terrific long weekend!

(Click to enlarge)

Disclosure: Never Investment Advice