Friday’s ETF Charts To Watch: VXX And SPY

A whirlwind of uncertainty swept over the equity, commodity, and currency markets this week, leaving investors speechless while handsomely rewarding volatility traders. Wall Street was hit hard on Tuesday and Wednesday, as fears of a nuclear-crisis in Japan sent investors running for the hills. Investor uncertainty was made apparent following a broad based sell-off in equities across the globe, with traditional safe havens such as gold and the U.S. dollar sinking lower as well. Domestic equities immediately rebounded on Thursday, as a solid fourth-quarter profit coupled with an optimistic outlook from FedEx to ease investor worries over the heavily impacted transportation sector and the economy as a whole. Volatile oil prices are still dampening growth forecasts, and crude settled back above $100 on Thursday. Uncertainty is still the major theme in the markets and investors should be cautious of buying up securities after a major market sell-off, as often times [...] Click here to read the original article on ETFdb.com. Related Posts: Inverse VIX ETNs: Free Money? December ETF Roundup: $1 Trillion And Counting Technical Trading Ideas: SPY, VXX, GLD September ETF Data: Back On Track Barclays Rolls Out New ETN: S&P 500…With A Twist