Notable ETF Movers of the Day 03/08: (QQQ) (XHB) (TAN) Higher; (VXX) (UUP) Lower

• PowerShares QQQ Trust, Series 1 (Nasdaq: QQQ) up 0.84 percent to $64.60. U.S. markets are moving higher amid heavy initial claims data as focus rests on Greece and its bond swap deal.
  
  Greece is required to get 90 percent of bondholders to agree to a swap which would see their value sliced in half. The WSJ is currently reporting that 75 percent have agreed. The deadline for bids is 8pm Thursday GMT (about 3pm EST).
  
  
• SPDR Series Trust SPDR Homebuilers (NYSE: XHB) up 1.67 percent to $20.08. Homebuilders continuing higher following economic data and Hovnanian Enterprises (NYSE: HOV). Hovnanian said new orders increased 27 percent for its first quarter while orders in February popped 38 percent. Though Hovnanian data was released Wednesday morning, few catalysts are out today to dampen the move higher by names like Lennar (NYSE: LEN) and PulteGroup (NYSE: PHM).
  
  
• Guggenheim Solar ETF (NYSE: TAN) up 2.55 percent to $26.34. While SunTech (NYSE: STP) missed quarterly views this morning, First Solar (Nasdaq: FSLR) is leading the sector higher following a dismal week which saw a 14 percent drop in the shares following its earnings report and outlook. Many solars might be gaining on the potential of a Greek debt deal, which would eliminate contagion fears in the euro zone. Additionally, Germany reported industrial production in January rose 1.6 percent, from a 2.8 percent drop in December and the analyst consensus of a 1.1 percent gain. Germany is the largest customer of solar cells and solar power, though its still weighing subsidy cuts.

• iPath S&P 500 VIX Short Term Fund (NYSE: VXX) down 3.45 percent to $23.88. The CBOE VIX is lower as sentiment floods the market on European data and hopes for Greece to meet debt swap requirements. The index is off about 6 percent Thursday.
  
  
• PowerShares DB USD Index Bullish (NYSE: UUP) down 0.67 percent to $22.05. The U.S. dollar making a modest move lower Thursday as investors and traders shift focus to Europe. With potentially more QE in the works -- though more "sterile" than before, according to reports -- the dollar may continue to see pressure as paper floods the system on bond buying. For more color, click here.

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