Notable ETF Mover 3/5: XME, SLX, USO, QQQQ Up; UUP, VXX Down (KOL, PCX, X, AKS, More...)

Notable ETF Movers of the Day :

Gainers

• SPDR S&P Metals & Mining (NYSE: XME) up 3.09% to $56.06. Shares are trading higher bolstered by Patriot Coal (NYS: PCX) as the shares are trading up 7.4% on some news that one of their West Virginia mines has reopened and the company has established a $125 million receivables securitization program. Miners could also be lifted by coal prices, as the Market Vectors Coal ETF (NYSE: KOL) is up 2.93% as well, to $37.65. Cold weather, increased performance for miners, and China becoming an importer rather than an exporter have shot the ETF up 20% since early February 2010.
  
  
• Market Vectors Steel ETF (NYSE: SLX) up 2.68% to $64.27. Steel getting some love as bailouts in Europe appear to be shaping well, and takeover rumors surrounding two of the U.S.'s largest steel makers, U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS).
  
  
• United States Oil (NYSE: USO) up 1.46% to $39.72. Shares of the ETF are keeping pace with the rising price of WTI crude, as April 10 contracts are trading 1.7% higher to $81.65. Increased economic confidence equates to increased demand for oil as commerce and expansion elevate.
  
  
• PowerShares QQQ (NASDAQ: QQQQ) up 1.31% to $46.35. Making a rare appearance on the list today, shares are higher as the NASDAQ, as well as other exchanges, are moving higher on positive data on the employment front, as the unemployment level held firm at 9.7% today.

Receders

• PowerShares DB US Dollar Index Bullish (NYSE: UUP) not actually "down", rather up 0.08% to $23.66 at midday. The dollar is a general contrarian to commodities, particularly on positive economic data. Today, though marginally up, its on shaky legs after starting off up much higher and breaking below yesterday's close at 11:20am. Should hang around through the day.
  
  
• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.24% to $24.45. CBOE VIX is trading down 5.13% as consumers are bullish on the U.S. economy and markets.

Special Section, today only!Up, but not as much as you would've expected

• Technology Select Sector SPDR (NYSE: XLK) up 0.91% to $22.24. Relatively well traded, the ETF houses such formidable companies such as Apple, AT&T, Google, and Microsoft. Considering that virtually every gainer on the NYSE Arca is up in the mid-one percent range, this one seems to be underperforming a little.

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• Notable ETF Movers of the Day 05/21: (USO) (XLK) (FXI) Higher; (VXX) (UNG) Lower

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