Dion's Wednesday ETF Winners and Losers
iPath S&P 500 VIX Short Term Futures ETN (VXX) 5.1%The effects following the release of yesterday's FOMC minutes have carried over into Wednesday's trading action, sending major stock market indices lower. As the market struggles to find its footing, the fear index has managed to power higher. VXX is currently witnessing its third consecutive day of gains. The iPath S&P 500 VIX Mid Term Futures ETN (VXZ) is staging a bounce off all-time lows.
iShares Barclays 20+ Year Treasury Bond Fund (TLT) 1.2%With the Federal Reserve stifling hopes for a new round of quantitative easing, investors have fled for cover. This risk-off mentality has helped TLT recoup some gains since falling to its 200-day moving average.
In addition to long-term U.S. treasuries, the greenback is heading higher. The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is up around one half of a percent.
Market Vectors Junior Gold Miners ETF (GDXJ) -5.4%Gold ended up taking a big hit yesterday after the FOMC's announcement. As the end of the shortened trading week approaches, however, the selling pressure isn't letting up. The iShares Gold Trust (IAU) is off over 1.5% heading into the close. This weakness combined with the downward equity action is boding poorly for funds like GDXJ. The fund is tumbling to new 2012 lows.
Gold miners aren't the only ones heading lower though. The Global X Silver Miners ETF (SIL) is also taking a hit.