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.