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(Click Image to Enlarge/ Glossary)

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

This corrective move left select Commodities (DBC) and Emerging Markets (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!):

Have a terrific long weekend!

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Never Investment Advice: Prior Weekly Summaries: ETF Rotation Models