Extremes in nature equal ends produce; in man they join to some mysterious use.NEW YORK ( TheStreet) -- With just a short week and a half left of trading for 2012, it is instructive to analyze what's happening to various parts of the market as money positions for the new year. Deeper clarity on the Fiscal Cliff is under way, and money can now plan accordingly for the next four years post U.S. elections. In addition, European markets have been on fire, improving confidence and increasing risk-taking. Momentum on the upside has countered the negative narrative that has been pervasive all year. So how is price positioning now? Every week I run a screen on the more than 1,000 ETFs/ETNs I track to identify those areas of the investable landscape that are exhibiting extreme price behavior relative to their own respective 20-day moving averages. The idea is to see if there is a message happening beneath the surface of the market by looking at the opposite ends of winners and losers spectrum over a rolling one-month period. Take a look below for the latest results.
-- Alexander Pope