ETF Headline Watch: February 6th, 2012

ETFs making headlines for February 6th, 2012:

SPDR Standard & Poors 5oo ETF (NSYEARCA:SPY): The SPDR Standard & Poors 500 ETF is worth watching today because the Giant's win yesterday might spur a bull market according to the “reliable” Super Bowl Indicator, but more importantly because of events in Europe and Greece.  Greece debt talks have been delayed until tomorrow and NYSEARCA:SPY has showed its discontent already today.

Vanguard MSCI Europe ETF (NSYEARCA:VGK) & iShares MSCI Germany Index Fund ETF (NYSEARCA:EWG):  Both NYSEARCA:VGK) and (NYSEARCA:EWG) are worth watching today because of Greece and Greece debt talks.  As we all know, Greece and its creditors have tried unsuccessfully so far to hash out a deal in return for bail out money from the EU.  If a deal is not reached, Greece is almost certain to default by mid March, which would likely have far reaching implications for the European and Global Economies.  As of right now, Greece debt talks between Grecian Prime Minister Lucas Papademos and his country's political parties are delayed until tomorrow, as German Chancellor Merkel and French President Sarkozy have placed even more pressure on the debt stricken nation by encouraging fiscal reform in return for EU bailout money.

iShares Dow Jones US Real Estate ETF (NYSEARCA:IYR) & Vanguard Reit ETF (NYSEARCA:VNQ): Watch these two real estate sector ETFs today because of the landmark in-the-works mortgage relief settlement expected to be signed by state officials and the Obama Administration.  The deal, which arose out of evidence of big bank mortgage abuse, would require banks to aid struggling and near-foreclosure homeowners.  No matter the outcome of the settlement, real estate ETFs like NYSEARCA:IYR and NYSEARCA:VNQ will likely be affected in one direction or another.

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Disclaimer: Wall Street Sector Selector trades a wide variety of ETFs and positions can change at any time.