ETF Movers 7/28: Financial Select Sector (XLF) Lower, Biotech HOLDRs (BBH) Higher, More...

ETF Movers:

UltraShort Financials ProShares (AMEX: SKF) is 6% higher on continued worries in the financial sector and profit taking after the recent bounce off the bottom.

Financial Select Sector SPDR (AMEX: XLF) is 3.3% lower on continued worries in the financial sector and profit taking after the recent bounce off the bottom.

Consumer Discretionary SPDR (AMEX: XLY) is 2.4% lower on continued worries about the U.S consumer.

Biotech HOLDRs (AMEX: BBH) is 1% higher. Driving the action is the rally in Amgen (Nasdaq: AMGN) on positive late stage data on an osteoporosis drug.

Energy Select Sector SPDR (AMEX: XLE) 0.9% higher on the bounce back in Crude after Royal Dutch Shell reduced production in Nigera after militants attacked a pipeline. Major oil company Exxon Mobil (NYSE: XOM) reports earnings results later this week.

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