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.
Market Vectors Russia ETF (RSX) 1.2%
The developed Western portion of the European continent is floundering as nations like Germany, France, and Spain work to resolve the region's ongoing economic drama. To the east, however, some strength appears to be shining through.
Russia's strength is helping to lift the SPDR S&P Emerging Europe ETF (GUR) during early afternoon trading. The emerging giant accounts for nearly two-thirds of its geographic breakdown. Although these nations hail from outside the troubled EU, I encourage investors to be cautious before considering exposure here.PowerShares S&P 500 High Beta Fund (SPHB) 1.2% As the markets recover from Monday's sell-off, investors are scrambling for ways to make the most of this strength. According to SPHB's Website, the fund is designed to target the S&P 500 stocks that are most sensitive to market fluctuations. Despite its strength, investors should be wary of SPHB. In the past, the fund has struggled to gather steam. Keep a close watch on its volume in order to avoid liquidity issues. United States Oil Fund (USO) 2.1% The futures-backed USO is gaining ground, powering off of its 200-day moving average. It has been an interesting day for this part of the energy sector. The price of crude futures surged early on in the trading session following rumors that the Iranian government had closed a key oil-shipping route.
LosersiPath S&P 500 VIX Short Term Futures ETN (VXX) -3.4% The markets continue to exhibit yo-yo-like action as sentiment swings from day to day. The gains VXX witnessed at the start of the week have been dashed as the ETN tumbles to brand new December lows. Since mid-October, the fear-tracking VIX index has volleyed back and forth between its 50-day and 200-day moving average. On Tuesday, however, the fund managed to break below the latter. This is the first time this level has been pierced since late July. Looking ahead, it will be interesting to see if it can regain its footing.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV