Notable ETF Movers of the Day 10/05: (USO) (XME) (SPY) Higher; (VXX) (EWJ) (XLF) Lower

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Gainers

• United States Oil (NYSE: USO) up 1.67 percent to $30.41. Crude inventory data today has supplies falling by 4.7 million barrels for the week ended October 1st. Analysts were looking for a 2.5 million barrel increase. November crude contracts are trading $2.66 higher to $78.33 per barrel on the Comex.
  
  
• SPDR S&P Metals & Mining (NYSE: XME) up 4.30 percent to $45.87. Coal company shares are ripping higher today following assurance that European officials are moving forward with efforts to contain the debt crisis in the region. The move is being led by Alpha Natural Resources, Inc. (NYSE: ANR), which is 10.4 percent higher Wednesday. Overall, U.S. markets are showing strength following ISM and ADP data this morning, both issuing a beat on estimates.
  
  
• SPDR S&P 500 (NYSE: SPY) up 0.63 percent to $113.05. U.S. markets showing strength as German Chancellor Angela Merkel said she would support a Europe-wide move to recap banks exposed to distressed debt if such a move were deemed necessary. Further, ADP showed 91,000 jobs were added in the month of September, compared with the 45,000 expected. ISM non-manufacturing came in at 53.0, down from 53.3 in August, but above the 52.8 expected.

Receders

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 3.11 percent to $51.20. The CBOE VIX is 4.4 percent lower Wednesday, as markets continue in positive territory on economic data. The index is generally higher in more volatile times, like when debt issues cause investors to worry about which direction economies are heading in. The CBOE VIX is currently at a good level, below the $40 threshold.
  
  
• iShares MSCI Japan Index (NYSE: EWJ) down 1.06 percent to $9.33. Reports have foreign investors selling Japan on fears of what effect the persistently high yen will have on balance sheets and earnings. The Nikkei fell 0.9 percent.
  
  
• Financial Select Sector SPDR (NYSE: XLF) down 0.64 percent to $11.65. Financial still pressing lower, as many continue to trade at or near 52-week lows. Citigroup, Inc. (NYSE: C) is leading the group lower, down 2 percent on the session to $23.88.

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