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Notable ETF Movers of the Day 03/11: (UNG) (XLE) (XRT) Higher; (USO) (VXX) (EWJ) (FXI) Lower

March 11, 2011 12:06 PM EST
Gainers

  • United States Natural Gas (NYSE: UNG) up 2.82% to $10.51. Forecasts haven't changed, but traders are exchanging bets in the market as some take profits as warmer weather is in the forecast, and others are buying on bets in the shift in the forecast. Nat gas April 11 contracts are up $0.108 to $3.938/mmBtu on the Comex.

  • Energy Select Sector SPDR (NYSE: XLE) up 1.34% to $74.82. U.S. energy companies could be seeing a little upside today, amid falling oil prices, on news that some Japan refineries have shut down in the wake of the earthquake. Devon (NYSE: DVN) is seeing the biggest surge today, up 2.6% this afternoon.

  • SPDR S&P Retail (NYSE: XRT) up 0.31% to $48.76. Up a little today as U.S. retail sales came in at 1% better for February, in-line with views, and retail sales excluding autos was 0.7%, topping the consensus calling for a 0.6% increase. The ETF is led higher by AnnTaylor Stores (NYSE: ANN) which is up 10% following fourth
    quarter earnings
    .


Receders
  • United States Oil (NYSE: USO) down 1.69% to $40.70. Some say brent crude is becoming more of an indicator of demand and supply for oil, so with that, brent May 11 contracts are down 1.54% to $113.82/barrel today. WTI crude April 11 contracts are also down, 2.30% to $100.4/barrel. Oil is lower today as Japan, the world's third largest consumer of it, is seeing a little turmoil following an earthquake that has some of its infrastructure shut down. The market still may be aiming for a direction with crude, as shutdown of some nuclear facilities might mean increased burning by energy companies.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.89% to $33.28. The CBOE VIX is lower today, as the markets are relatively quiet. The CBOE VIX near-term index is down 5.3% today.

    iShares MSCI Japan Index (NYSE: EWJ) down 1.4% to $10.84 following the earthquake in Japan.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.64% to $43.36. Investors are fearing of further tightening in China following recent economic data that CPI came in at 4.9% in February, unchanged from January, but above expectations calling for CPI of 4.8%. PPI in China came in at 7.2%, from 6.6% in January, and 7% for February 2010.


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