The iShares Dow Jones Transportation Average (NYSEArca: IYT) fell more than 5% this week and the fund’s lackluster performance is worrying Dow Theory followers. [Transportation ETF Still Lagging]
Volatility-linked ETFs were also among the week’s biggest decliners on a falling VIX. [VIX ETFs Show Market Complacency as Stocks Flirt with Record Highs]
Conversely, the top three unleveraged this week were ProShares Short VIX Short-Term Futures (NYSEArca: SVXY), VelocityShares Daily Inverse VIX Short Term (NYSEArca: XIV) and PIMCO 25+ Year Zero Coupon U.S. Treasury (NYSEArca: ZROZ) with gains of about 4% in afternoon dealings Friday.
The bottom three unleveraged ETFs this week were iPath S&P GSCI Crude Oil (NYSEArca: OIL), U.S. Oil Fund (NYSEArca: USO) and U.S. 12 Month Oil Fund (NYSEArca: USL) with setbacks of roughly 6%.
In next week’s economic data, look for reports on home prices, consumer confidence, new home sales, pending home sales, durable goods orders, and personal income and spending.