Notable ETF Movers of the Day 12/07: XLF, UNG, XLK Higher; VXX, GLD, EWJ Lower

• Financial Select Sector SPDR (NYSE: XLF) up 0.46% to $15.23. Led today by Citigroup (NYSE: C), who saw the U.S. government sell the remaining $45 billion investment yesterday, banking a nice $12 billion profit in doing so. Shares of Citi are up 3.8% today.
  
  
• United States Natural Gas (NYSE: UNG) up 0.62% to $6.22. The ETF is still green following a nice run yesterday as cooler weather is making its way across the U.S. Net gas stores are still near record highs, and Baker Hughes recently reported that rigs, at 961, were at a 23-week high. Some speculate that the jump in prices is only temporary until demand catches up with supply.
  
  
• Technology Select Sector SPDR (NYSE: XLK) up 0.77% to $25.00. Led by Google (Nasdaq:
  GOOG) today, which received an upgraded from Morgan
  Stanley and href="http://www.streetinsider.com/Analyst+Comments/Google+%28GOOG%29+Shares+Higher+Once+Again+Today%3B+Morgan+Stanley+Adds+to+Best+Ideas+List%2C+BMO+Starts+at+Outperform/6148123.html">BMO Capital. Google is 1.8% higher today.

• iPath S&P 500 VIX Short-Term Futures ETN
  (VXX) down 2.42% to $39.57. The CBOE VIX near-term volatility index is lower today, following an announcement late yesterday that saw President Obama prolong expiration of the Bush tax cuts for another 24-months.
  
  
• SPDR Gold Shares (NYSE: GLD) down 0.65% to $138.19. Investors are looking for a little more risk today, and exiting their gold holdings to put a little extra cash back into the market, upon Bush tax cut extension. Additionally, a little profit might be being taken off of the table as gold touched record levels of $1,429.40/ounce, and closed at $1,416.10/ounce yesterday.
  
  
• iShares MSCI Japan Index (NYSE: EWJ) down 0.70% to $10.61. Foreign exchange reserves dropped to $1.101 trillion, its first drop in six-months, sending the yen higher and stocks lower. The U.S. dollar recently hit a three-week low of ¥82.34.

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