Dion's Monday 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 fnd out who's winning and who's losing when it comes to ETFs.

Winners

Global X Norway ETF (NORW) 1.5%

Although crude oil prices are sliding, the energy-heavy Norway ETF is managing to hold onto gains.

NORW continues to stand out for investors looking for European exposure outside of the E.U. Use caution though. The fund has struggled to power through its 50-day moving average since dipping below in early May.

iPath Dow Jones UBS Coffee Subindex Total Return ETN (JO) 1.3%

Coffee prices are getting a jolt at the start of this week, pushing the futures-backed JO to ETF industry leading gains.

The broad soft commodities spectrum is witnessing bipolar action. While JO is heading higher, funds designed to follow sugar, cocoa, and cotton are in trading in negative territory.

Market Vectors India Small Cap ETF (SCIF) 0.9%

2011 has been a rough year for the Indian marketplace as corruption concerns and inflation fears have weighed heavily. Because it tracks a basket of small, volatile companies, the SCIF has been one of the heaviest hit India-tracking funds. The fund appears to have solidified a bottom but I urge investors to continue to exercise caution here.

Losers

iShares Silver Trust (SLV) -3.1%

The market's mixed action is doing little to quell the investor concerns that have developed over the course of its six-week retreat. In response to these jitters, the industry-linked precious metals like silver and palladium are retreating.

Gold is struggling to hold up as well as both bullion- and miner-backed gold ETFs are trading lower.

Global X Uranium ETF (URA) -3.0%

The uranium industry is facing daunting headwinds as Fukushima concerns continue to weigh heavily on investor sentiment. So far, June has been a dismal month for URA. Since its start, the fund has stuck to a steep, downward path.

I urge investors to use extreme caution in the uranium industry. URA is now trading at new 2011 lows and it is unclear when the fund will find footing.

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