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 Dow Jones U.S. Home Construction Index Fund (ITB) 4.7%
The homebuilders are reveling in the market's strength, pushing funds like ITB and the SPDR S&P homebuilder ETF (XHB) to some standout gains. Friday's action marks ITB's third consecutive day of gains.
Overall, it has been a good week for this fund. It is currently trading at its highest levels since the start of 2011. Looking to the week ahead, it will be interesting to see if the strength continues.iShares Dow Jones U.S. Broker-Dealers Index Fund (IAI) 3.1% A strong jobs number has ignited confidence, driving investors back into market-correlated industries. Financials are seeing particularly impressive action; funds like IAI and the iShares Dow Jones U.S. Financial Services Index Fund (IYG) are sitting in solid positive territory. IAI is trading above its 200-day moving average for the first time since late May. Alternative energy is also benefiting from the market's late-week strength. The PowerShares WilderHill Clean Energy Portfolio (PBW) is up around 3.0% WisdomTree India Earnings Fund (EPI) 2.7% The market strength is extending beyond the borders of the United States. As confidence improves, investors are regaining an appetite for emerging markets. India's markets are seeing particularly impressive strength. EPI has pushed higher for four days straight. In 2012, the fund has seen only three days of losses.