The futures-backed corn ETF is powering higher as the agriculture industry continues to draw crowds. CORN has witnessed a nice week-long bounce off of its 200-day moving average. This upward action has helped the fund regain some ground following its late June selloff.
iPath S&P 500 VIX Short Term Futures ETN (VXX) 1.9%
Volatility-tracking ETNs like VXX are gathering steam at the close of the week following this morning's disappointing employment data. Although these gains have helped VXX recover most of the ground lost during Thursday's selloff, the fund remains well off the levels witnessed prior to its June tumble.
iShares Barclays 20+ Year Treasury Bond Fund (TLT) 1.2%
This morning's weak employment data dashed investor confidence, leading many to abandon risky assets. The flight to safety has benefited long-term U.S. treasuries as TLT ascends to its 50-day moving average. The action witnessed over the past few days reminds investors of the risky nature of the markets. Maintain some defensive exposure in order to avoid getting blindsided by shakeups.
The Italian marketplace is taking a heavy hit, leading EWI to close out a skittish week on a sour note. As Warren Buffett stated in yesterday's interview with CNBC, the European Union still has a lot of work to do in order to get through the current debt crisis. Investors need to be very careful when attempting to take steps into this region.
Solar stocks are heading lower pushing KWT and Guggenheim Solar ETF ( TAN) to industry-leading losses. One of the biggest decliners is Yingli Green Energy ( YGE). In response to reports that Goldman Sachs ( GS) had downgraded the firm to a sell, shares of YGE tumbled over 5%.
India ETFs are heading south as investors shun risky corners of the global marketplace. In the week ahead, India ETFs may prove interesting to watch as tech giant, Infosys ( INFY) steps up to the earnings plate. Because it sets aside over 10% of its portfolio to the firm, PIN will likely be heavily influenced by its report and outlook. All prices as of 2:14 PM EST