For the most part, people’s predictions about the future tend to be strongly rooted in the short-term past. It’s just an easy, human way of thinking about things, we suppose.

That being said, from a market perspective, 2012 is NOT shaping up like 2011 at all.

Bespoke has a big table of ETFs that it tracks that are the most above their 50-day moving average, which is a useful way of looking at momentum.

Check out the leaders.


[credit provider=”Bespoke” url=””]

Homebuilders! Brazil! Financials!

These were not big winners in 2012.

Along the same theme, David Goldman at Inner Working observes this dramatic shift:

Our main 2012 recommendation was to take profits on utilities and dive into basic materials, especially the mining issues that got beaten up so badly last year. The S&P miners’ subsector is up 20% year to date while utilities are down by 3.5% (both multi-utilities and electrical utilities S&P subcomponents).

2012. A brave new world already.