World region outperformance in India (INP) & S Korea (EWY) today; Silver miners (SIL) post sector leadership as SLV outperforms GLD; VIX futures (VXX) slide as the SPX rebounds from 4 day decline; Copper futures (JJC) lag in the CRB Index
ETFs and ETNs Posting Relative Strength/Outperformance:
India- INP +3.25%, PIN +3.0%, S Korea- EWY +3.0%, coffee futures- JO +2.75%, cotton futures- BAL +2.5%, computer networking- IGN +2.75%, silver miners- SIL +3.0%, RBOB gasoline futures- UGA +2.25%, casinos & gaming- BJK +2.25%, coal- KOL +2.0%, Sweden- EWD +2.0%, small-cap gold miners- GDXJ +2.0%, Indonesia- IDX +2.0%, & Egypt- EGPT +2.0%
ETFs and ETNs Posting Relative Weakness/Underperformance:
VIX futures- VXX -1.75%, VXZ -1.5%, copper futures- JJC -1.25%, Africa & Middle East- GAF -0.75%, base metals- DBB -0.75%, regional banks- KRE -0.75%, defense & aerospace- ITA -0.50%, PPA -0.25%, S Africa- EZA -0.50%, Yen- FXY -0.50%, & homebuilders/home construction- ITB -0.50%
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