NEW YORK ( TheStreet) - Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 4.7%
A spattering of negative news is causing investors to head for the exits as we approach the end of the week. In response to the jittery action, the fear-based VIX is seeing gains, leading the VXX and the iPath S&P 500 VIX Mid-Term Futures ETN (VXZ) higher.
The recent bout of economic and political tension sweeping the globe has boded well for these two products. Thursday's gains have helped both funds power above their 50-day moving averages.Despite this upward strength, I urge cautious, long-term focused investors to steer clear. On a number of occasions we have witnessed how quickly these two funds can reverse paths. PowerShares DB U.S. Dollar Index Bullish (UUP) 0.7% Fearful investors are flocking to defensive assets to protect against today's downward action. The U.S. dollar and long term treasuries are particularly popular, as UUP and the iShares Barclays 20+ Year Treasury Bond Fund (TLT) score noticeable gains. Gold is bucking this trend, however. The iShares Gold Trust (IAU) was down 1.2% in early afternoon trading.
LosersiPath Dow Jones UBS Sugar Total Return Subindex ETN (SGG) -5.5% Sugar prices are tumbling amidst this sell off, leading SGG back below its 50-day moving average. Cotton, another closely watched agricultural commodity, is taking a hit as well. Shares of iPath Dow Jones UBS Cotton Total Return Subindex ETN (BAL) are off over 1% in early afternoon trading. Global X Silver Miners ETF (SIL) -4.0% Silver-related funds are taking a shot across the bow, with the equity-based SIL leading the pack lower. The iShares Silver Trust (SLV), which tracks a physical stockpile of the white metal, is down 2.4%. First Trust ISE Global Copper Index (CU) -3.9% While silver is taking the biggest hit, some base metals-related funds are not far behind. Copper producers are getting knocked as ongoing economic and political turmoil weighs on investors' confidence in the global recovery picture. The futures-tracking iPath Dow Jones UBS Copper Total Return Subindex ETN (JJC) is relatively flat. All prices as of 2:15 PM EST Written by Don Dion in Williamstown, Mass.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV