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.
WinnersGuggenheim Solar Energy ETF (TAN) 2.3%
The solar energy industry is getting a lift today, powering higher for the ninth consecutive day. Today's jump pushes this volatile product through its 50-day moving average, a level which has not been seen since it first broke below it in early November.
Ongoing global economic issues will likely prolong TAN's volatile streak. Investors should use caution when venturing into this region of the marketplace.
iPath Dow Jones UBS Cotton Total Return Subindex ETN (BAL) 1.9%Cotton prices are seeing some of the strongest gains today as investors remain focused on the current rally in food prices. Although BAL has seen a nice rise in recent months, throughout the second half of December and start of 2011, the fund has traded sideways, locked between its 50-day moving average and the $75 mark. Both of these areas could be interesting to watch in the coming days. Other futures-based agriculture ETNs are also heading higher today. Top movers include the Teucrium Corn Fund (CORN) and the iPath Dow Jones UBS Grains Total Return Subindex ETN (JJG). Market Vectors Junior Gold Miners ETF (GDXJ) 1.4% Gold miners struggled through much of last week as improving economic conditions and sky-high prices led investors to unload the yellow metal and funds related to it. On Monday, however, the smallest and most volatile members of this industry are powering higher, leading GDXJ to gains.