Notable ETF Movers of the Day 03/26: (SPY) (GLD) (SMH) Higher; (VXX) (UNG) Lower

• SPDR S&P 500 (NYSE: SPY) up 0.9+3 percent to $140.95. U.S. markets are higher on dovish comments by Fed Chair Ben Bernanke. Bernanke said that current unemployment levels are more cyclical rather than structural and keeping interest rates low is helping the recovery.
  
  On top of the comments, German research firm Ifo Institute said its business confidence index rose to 109.8, which is the highest its been in nine months.
  
  
• SPDR Gold Trust (NYSE: GLD) up 1.37 percent to $163.75. With Bernanke keeping rates low and some speculating on QE3, the dollar is dropping today, making gold contracts cheaper. April contracts ar $23.2 higher to $1,685.6 per ounce on the Comex.
  
  
• Market Vectors Semiconductor ETF (NYSE: SMH) up 1.17 percent to $35.84. Chips getting some positive sentiment following an iSuppli report on semiconductor sales for 2011. Intel (Nasdaq: INTC) maintained its top-spot with a 10-year high in sales. Otherwise, QUALCOMM (Nasdaq: QCOM) and ON Semi (Nasdaq: ONNN) also had strong showings in 2011.
  
  Intel is up over 1 percent on the session Monday.

• iPath S&P 500 VIX Short Term Fund (NYSE: VXX) down 6.01 percent to $16.25. The CBOE VIX near-term index is lower on Bernanke comments earlier Monday.
  
  
• United States Natural Gas Fund (NYSE: UNG) down 1.40 percent to $17.58. With recent data from Baker Hughes showing rig counts dropping to their lowest levels since 2002 (652 versus 640 in 2002) and the end to unusually warm weather, there is still speculation about an oversupply and overproduction of the commodity.
  
  Reuters said some analysts believe the rig count has to fall below 600 to make a significant dent, as drilling for crude and shifting to higher-value gas liquids still produces some dry gas output.

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