NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
iShares MSCI Sweden Index Fund (EWD) 7.5%
Over the past three days, Sweden's markets have surged, helping EWD recover nearly all of the losses suffered during the two-week sell-off heading into Thanksgiving. This staggering climb has been impressive. However, it remains unclear as to whether or not these gains are sustainable. Continue to watch Europe-related ETFs from the sidelines.
Market Vectors Steel ETF (SLX) 7.4%China's decision to slash its reserve requirement ratio is helping to drive SLX, Market Vectors Coal ETF (KOL) and other commodity-linked ETFs to industry-leading strength. As many have pointed out in the past, continued strength from the resource industry will hinge heavily on whether China can continue to experience stable economic growth. By reducing the amount of cash banks are required to be set aside, China's central bank has opened the door to increased lending. Market Vectors Junior Gold Miners ETF (GDXJ) 5.7% A combination of rising market action and climbing gold prices are helping to lift gold miner-focused ETFs. The smaller, more volatile junior miners are leading the way higher, pushing back to its 50-day moving average. This could be an interesting point to watch; since breaking below in early September, the fund has bounced against this level on a number of occasions.