ETF Headline Watch: January 27th, 2012 (USO, GLD, TLT, CVX)

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With less than one hour before US Markets close, here are three ETFs worth watching:

The United States Oil Fund ETF (NYSEARCA:USO): NYSEARCA:USO is worth watching today because of Chevron’s (NYSE:CVX) earnings report release.  The company reported fourth quarter 2011 earnings at $5.12 billion, down from $5.3 billion fourth quarter 2010.  Oil prices will likely be affected by this drop as Chevron is one of the largest oil producers in the world and is likely a good indicator of how the oil market is performing.  NYSEARCA:USO has responded in kind by dropping almost .20% today, and will likely close in red.

The SPDR Gold Trust ETF (NYSEARCA:GLD): Gold and Gold ETFs are still on the upswing, likely because of the Fed’s statements on Wednesday.  Investors are still buying up gold for the inflation barrier and “safe haven” that gold appears to provide, as the US dollar will likely decline with more dollars in the system.  So far today, NYSEARCA:GLD has grown almost 1%, this is after a near 1% increase yesterday and a near 3% increase on Wednesday.  Watch out for gold, as it is on the move and what goes up will likely come down eventually.

The iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSEARCA:TLT): Bonds have ticked up today likely due to a decline in major stock index prices.  Bonds have been up and down all week after the Fed’s interest remarks on Wednesday; however if stocks continue to go down, expect an uptick in bonds in the near future.  Either way, NYSEARCA:TLT is up .33% today so far and will likely close in the green.

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