Notable ETF Movers of the Day 12/20: (SPY) (XLF) (USO) Higher; (VXX) (UUP) (UNG) Lower

• SPDR S&P 500 (NYSE: SPY) up 2.48 percent to $123.27. The S&P 500, et al, are having quite a rally Tuesday, as initial starts of construction came in much better than expected, and business sentiment in Germany rose. According to German think-tank said its index popped to 107.2 in December, from 106.6 the prior month. That was the biggest move higher for the index since February, and the second consecutive gain for the index. Further, a Spanish bond sale drew costs of 1.735 percent for €3.7 billion of three-months, from 5.11 percent in November, and 2.435 percent for €1.9 billion of six-months, compared with 5.227 percent in November.
  
  Spanish 10-year bond yields are down to 5.07 percent, and Italian 10-year paper moved through the 7 percent threshold, to draw 6.57 percent.
  
  
• Financial Select Sector SPDR (NYSE: XLF) up 2.86 percent to $12.60. U.S. financials are making a strong move higher today, led by JPMorgan (NYSE: JPM) and Citi (NYSE: C), which are up 3.6 percent and 3.3 percent, respectively.
  
  The noted move today is Bank of America (NYSE: BAC), which is just 2.8 percent better after falling below the $5 level for the first time in 2.5-years on Monday. Shares still seem a little weak when compared to some of its peers.
  
  
• United States Oil (NYSE: USO) up 3.23 percent to $37.37. Crude ripping today on renewed economic confidence, as well as estimates calling for a drop in inventories. According to Bloomberg, economists are expecting a drop of 2 million barrels for the week ended December 16th, to stores of 332.2 million. Crude data will be released Wednesday morning, generally at 10:00am EST. February contracts are trading $2.98 lower to $97.03 per barrel on the Comex.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.00 percent to $36.66. The CBOE VIX near-term index is 6.3 percent lower on the session, nearing the $20 threshold, as investor complacency is returning to the market on economic, European news.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.86 percent to $22.38. The U.S. dollar is lower Monday, as investors eschew the safe haven for more risk in the marketplace. Notably, the euro is gaining strength, now up 0.59 to $1.3075.
  
  
• United States Natural Gas (NYSE: UNG) down 0.87 percent to $6.80. Some, like FirestEnergy Capital, speculate that nat gas stockpiles will show an increase for the week, as warmer weather continues to linger in much of the U.S. The EIA will report nat gas stockpile data on Thursday morning. Last week the EIA reported a 102 billion cubic foot drop in stores. January contracts are down $0.008 to $3.088 per mmBtu on the Comex.

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