Dion's Thursday 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 who's winning and who's losing when it comes to ETFs.

Winners

ETFS Physical Palladium Shares (PALL) 4.3%

Gold and industry-linked precious metals are both finding strength amidst today's tepid market action. Leading the run higher is palladium which tends to move more wildly than other white metals such as platinum.

Today marks the first time since breaking down in early May that ETFS Physical Palladium Shares (PPLT) has managed to breach its 50-day moving average.

United States Natural Gas Fund (UNG) 2.9%

An optimistic storage report from the Energy Information Administration is providing the natural gas ETF with a nice boost today. Last week, natural gas storage levels saw an increase of 28 billion cubic feet. This number was considerably lower than the 34 bcf predicted by market analysts.

UNG is not the only fuel-tracking ETF powering higher today. The United States Oil Fund (USO) is also jumping today. This week, a number of oil majors such as Exxon Mobil (XOM) and ConocoPhillips (COP) have reported strong earnings.

iShares MSCI Austria Investable Market Index Fund (EWO) 1.5%

Throughout July, Austria's markets have staged an impressive rally as concerns regarding the euro's debt crisis subside.

In the throes of the panic, Austria was singled out as vulnerable due to its financial industry's heavy exposure to emerging Eastern European nations. EWO, boasting nearly 40% exposure to financials, tumbled accordingly.

Losers

SPDR S&P Semiconductor ETF (XSD) -2.8%

Semiconductor ETFs are struggling today amidst broad tech weakness. Pulling the industry lower are companies such as Nvidia (NVDA) and Symantec (SYMC) which are both down over 9% in early afternoon trading.

NVDA and Atheros Communications (ATHR) are two of the biggest laggards in XSD. ATHR is down close to 6%

PowerShares Dynamic Food & Beverage Portfolio (PBJ) -1.4%

After staging an impressive run through mid April, the food and beverage ETF has struggled to follow through and has moved sideways since.

Today, cereal makers, General Mills (GIS) and Kellogg (K) are pushing PBJ lower. Kellogg is getting hit the hardest after cutting its 2010 outlook.

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