On the 12th day of the 12th month of the 12th year of this century there are 12 trading days left. I thought it would be interesting to see where the ETFs of the major indices are trading. One of the easiest ways to do this is by dividing the price action into quarters from
Happy New Year!
I think the biggest surprise to me was the outperformance of both the financials (XLF) and consumer discretionary (XLY). Comparatively speaking, the Dow (DIA) closed on the lows for the year while the Russell 2000 (IWM) and Nasdaq (QQQ) outperformed. Energy (XLE) and utilities (XLU) were crushed. Here’s a look at the 2012 VWAPs for