iPath S&P 500 VIX Short Term Futures ETN ( VXX) -1.9%

U.S. indices are kicking off the new week on a subdued note. With Europe managing to stay relatively out of the spotlight, investors have turned their attention to earnings season, which is slated to get started with Alcoa ( AA) after the close.

This environment is boding poorly for the fear-tracking VXX. This product is yet to see its first day of positive action in 2012.

All prices as of 2:14 PM EST.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management owned the First Trust Dow Jones Internet Index Fund.

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