Notable ETF Movers of the Day 02/01: XME, SMH, MOO Higher; VXX, UNG, UUP Lower

• SPDR S&P Metals & Mining (NYSE: XME) up 2.77% to $70.92. Being led today by Patriot Coal (NYSE: PCX), who demolished per share estimates, though revs came in a little light for Q410. Metallurgical coal sales in FY11 are expected to be 8.0 - 8.4 million tons, compared to 6.9 million tons sold in FY10. PCX shares are up 5.7% today.
  
  
• Semiconductor HOLDRs (NYSE: SMH) up 1.63% to $34.97. Seeing upside today as Sterne Agee upgraded Advanced Micro (NYSE: AMD from Neutral to Buy, setting a $15 price target on the stock. AMD shares are up over 4% on the upgrade today.
  
  
• Market Vectors Agribusiness ETF (NYSE: MOO) up 2.48% to $56.53. Being led higher today by Archer Daniels Midland (NYSE: ADM), who reported Q211 EPS of $1.14 on revs of $20.9 billion, blowing out the consensus EPS of $0.79 and revs of $17.42 billion. Accordingly, ADM shares are 6.2% stronger today.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.15% to $30.38. The CBOE VIX near-term volatility index is having a terrible, horrible, no good, very bad day, as the ISM Index came in at 60.8 for January, ahead of the 58.4 expected. Additionally, solid earnings out of several blue chips today (UPS (NYSE: UPS), along with the afrementioned companies), and a potential wind down to turmoil in Egypt is causing a positive increase in positive investor sentiment.
  
  
• United States Natural Gas (NYSE: UNG) down 1.42% to $5.91. The impending blitzkrieg of snow, frost, and sad faces through the Midwest and Eastern U.S. has already been baked into the ETF and futures prices. Traders/investors now eying a warm up as we pass the midpoint of what some might call "an exceptional winter."
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.67% to $22.21. Investors are eschewing the U.S.
  dollar as a safe haven, and favoring more risky equities, as manufacturing data, eased Middle East tensions are quelling fears of economic stagnation in the U.S.

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