Notable ETF Movers of the Day 06/27: (FXI) (XLF) (XLK) Higher; (VXX) (SLV) (EWJ) Lower

• iShares FTSE China 25 Index Fund (NYSE: FXI) up 1.42 percent to $42.23. Shares in China rose for a fifth straight session, according to Bloomberg, led by transportation and industrials as China said it would cut import tariffs on jet fuel. Overall falling crude prices is also bolstering the move.
  
  
• Financial Select Sector SPDR (NYSE: XLF) up 0.88 percent to $14.89. Being led by Bank of America (NYSE: BAC) as Rochdale Securities' Dick Bove called the stock "massively undervalued." BofA is up 2.5 percent today. Further, meetings in Basel Switzerland, over the weekend produced stricter capital requirement rules, but not as tough as they could have been. Financials are rallying as a result.
  
  
• Technology Select Sector SPDR (NYSE: XLK) up 1.02 percent to $24.79. Tech is making a run today, led by Microsoft (Nasdaq: MSFT), which is up 3.6 percent on the session. On Microsoft, rumors are floating that a next-gen gaming system will debut at E3 in LA next summer. Otherwise, gamers got a treat today when the U.S. Supreme Court overturned a violent video game sales restriction in California.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 1.23 percent to $24.23. The CBOE VIX is modestly lower today, as Greek fears are subsiding somewhat and oil is still hovering at low price levels when compared to where it was just a few weeks ago.
  
  
• iShares Silver Trust (NYSE SLV) down 1.26 percent to $32.94. Flat consumer income gains and a drop in consumer spending point to lower inflationary fears, sending investors out of traditional safe-havens and into equities.
  
  
• iShares MSCI Japan Index (NYSE: EWJ) down 0.35 percent to $10.09. Japan stocks taking heed ahead of Greek votes and stagnant U.S. economic growth, leading to a potential curb in exports. Nikkei closed about percent lower on its session.

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