Notable ETF Movers of the Day 10/21: (SPY) (SMH) (USO) Higher; (VXX) (UUP) (UNG) Lower

• SPDR S&P 500 (NYSE: SPY) up 1.61 percent to $123.62. U.S. markets are trading stronger Friday as traders put European worries aside and focus more on corporate earnings for Friday. Several strong reports, including McDonald's (NYSE: MCD), Chipotle (NYSE: CMG), and Harman (NYSE: HAR), are driving the move today. The S&P 500 is up 1.7 percent, while Dow Jones is 1.9 percent better, and Nasdaq is 1.6 percent higher Friday.
  
  
• Semiconductor HOLDRs (NYSE: SMH) up 3.55 percent to $30.89. The move is being bolstered by Altera Corp. (Nasdaq: ALTR), which is up 11.6 percent on the session, amid a third-quarter earnings miss. Altera was upgraded at Credit Agricole and Mizuho today.
  
  
• United States Oil (NYSE: USO) up 1.83 percent to $33.94. Crude may be seeing positive momentum on the EU summit taking place over the weekend, investors hoping further progress will be made in resolving distressed debt issues, spurring some economic rebound. December crude contracts are $2.19 better to $88.26 per barrel on the Comex.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 4.36 percent to $44.32. The CBOE VIX is 7.2 percent lower on the session as volatility is diminished on positive market sentiment.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.85 percent to $21.56. The euro is stronger and the dollar weaker Friday on EU summit hopes. Traders are moving to the euro on a potential rebound there, or at least to lock-in some short term gains. The USD/EUR is 0.7 percent better to €1.3870.
  
  
• United States Natural Gas (NYSE: UNG) down 0.68 percent to $8.73. Weather and news that Petroleo Brasileiro (NYSE: PBR) will be cutting nat gas prices 19 percent is fueling the move today. PetroBras said it would cut prices due to prevailing market conditions. November nat gas contracts are $0.034 lower to $3.596 per mmBtu on the Comex, nearly a 1 percent dip.

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