Dion's Wednesday ETF Winners and Losers

NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of what's rising and what's falling when it comes to ETFs.

Winners

Claymore/MAC Global Solar Energy ETF(TAN) 2.9%

The sun is shining on TAN today with the solar energy industry ETF scoring some of the strongest gains across the entire arena. On Wednesday, Chinese solar cell maker, JA Solar(JASO) buoyed the industry when it raised its first-quarter sales forecast.

Though today's market action is impressive, investors should remain cautious of solar and alternative energy sectors as developing and emerging nations focus on budget problems and away from green energy subsidies.

SPDR Gold Shares(GLD) 1.5%

During the recent market rally, investors poured into the relatively new palladium and platinum ETFs. Today, however, the market has been mixed and ETF players have instead relied on veteran gold funds like the SPDR Gold Shares(GLD) for protection. Today's broad market decline coupled with a weakening euro have helped gold and gold miners see some nice gains.

Losers

United States Natural Gas Fund(UNG) -2.2%

After a nice jump at the start of the week from the announced changes to the EIA's supply statistics, the euphoria appears to have worn off. Today, slumping energy prices helped push natural gas prices and UNG to some of the biggest losses across the ETF realm.

Telecommunications HOLDRs(TTH) -2.1%

TTH is taking a hit today as its top holdings AT&T and Verizon, which account for three-quarters of the portfolio, are struggling to stay out of the red. The fund is heavily influenced by the performance of the two companies.

iShares MSCI Switzerland Index Fund(EWL) -1.5%

Europe-focused ETFs have earned a spot among today's losers for the second day in a row with the EWL seeing one of the largest drops. The euro region continues to face troubles due to confusion surrounding the Greek bailout. In addition, the Swiss fund's downturn has been aided by reports that U.S. law enforcement officials are starting another wave of tax evasion cases against UBS clients.