Dion's Tuesday ETF Winners and Losers
Written by: Don Dion
Tickers in this article:
GDXJ GAZ TLT EWI VXX TUR
NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.
Winners
iPath S&P 500 VIX Short Term Futures ETN (VXX) 6.7%
Tuesday marks the S&P 500's fifth consecutive day of declines -- its longest streak of losses in 2012. This downward action has pushed the S&P 500 ETF (SPY) back to its 50-day moving average.As stocks work to regain footing, the fear-tracking VIX index has enjoyed a welcomed resurgence. The benchmark is trading at its highest level since the beginning of March. The VXX, meanwhile, continues to enjoy a bounce off all-time lows.
Market Vectors Junior Gold Miners ETF (GDXJ) 1.8%
After four consecutive losing sessions, the junior gold miner ETF is at last finding some solid ground. The fund's recent descent has pushed it to levels last seen during the summer months of 2010. Coming up will be interesting to see if more strength is in store for this battered corner of the precious metals industry.Bullion strength is helping to push GDXJ to strength. The iShares Gold Trust (IAU) is up over 1% in afternoon trading.