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Tickers in this Article: CORN, GDXJ
Investors took matters into their own hands today, attempting to manufacture some notion of activity in the markets. Bullish momentum briefly took the S&P 500 to its highest level in four years during early trading hours. But the continuing summer slump and rather anemic trading volumes seen in the last few weeks brought out profit-hungry investors, who quickly sold off the market to lock in gains. Many investors have expressed their beliefthatmarkets are overbought right now, and that any menial gains have beenlargelyfueled by speculations about central bankers across the globe, swooping in with an elusive safety net to pick up the global economic slack. Day traders will likely continue tolook for any major developments from the Euro Zone or the U.S. before jumping back full force into the markets .

Global Market Overview: Bulls Back Away From Resistance

After a brief stealth rally earlier in the session, U.S. equities finished lower as investors sought to lock in profits. The Dow Jones Industrial Average came in at the bottom of the barrel, sendingDIAdown 0.46%. Nasdaq (QQQ) and theS&P 500 (SPY) also ended in negative territory. In Europe, markets ended mostly higher after a rather successful Spanish bill auction. Asian markets also ended in positive territory after a state-run news agency reported that China plans to take additional measures to boost domestic consumption.

Bond ETF Roundup

U.S. Treasuries slid lower throughout most of the trading day, only to make a rebound towards the end of the session. The reversal was mostly attributed to renewed hopes of Euro Zone's central bankers taking further actions in the near future to tackle the region's debt crisis.

Commodity ETF Roundup

With the exception of sugar and coffee futures, commodities posted relatively impressive gains across the board today. Gold proved to be one of the biggest movers, as investors flocked to the precious metal on expectations that European central bankers are making headway in battling its debt crisis.Further fueling the commodity was investors' hopes of finding more hints about the Fed's strategy in the minutes from the July FOMC meeting, which are scheduled to be release tomorrow .

ETF Chart Of The Day #1:GDXJ

The Van Eck Market Vectors Junior Gold Miners ETF (GDXJ)was one of the best performers, gaining 3.42% on the day. A strong rally in gold forced this ETF to gap significantly higher at the open. GDXJ slid sideways for the majority of the day, eventually settling below its high of $21.75 a share.

ETF Chart Of The Day #2:CORN

The Teucrium Corn Fund (CORN) set another record today, breaking its previous high of $52.14 a share, which was set on August 9th of this year. CORN gapped significantly higher at the open, surging to $52.71, a new high for the year. The fund continued to inch higher throughout the day, eventually settling just below its new record high .

ETF Fun Fact Of The Day

Only three ETFs offer indirect exposure to Nigeria (a country for which there is no specific ETF for) with the Market Vectors Africa Index ETF (AFK) making the biggest allocation towards it of about 18.3%.

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Disclosure: No positions at time of writing.

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