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 Rare Earth/Strategic Metals ETF (REMX) 4.3%
Major stock market indices are setting up for another day of gains. This upward action is boding well for market-correlated sectors like materials. As producers trek higher, ETFs like REMX and the SPDR S&P Metals & Mining ETF (XME) are scoring top spots on the winners list.
iShares Dow Jones U.S. Home Construction Index Fund (ITB) 3.5%After kicking off the year on a positive note, the residential homebuilder rally has cooled. For weeks, funds like ITB and the SPDR S&P Homebuilder ETF (XHB) have struggled to find footing, with the former retreating to its 50-day moving average at the start of this week. The past three days of strength, however, have helped ITB push to new 2012 highs. It will be interesting to see if short burst of strength proves to be a plateau-buster. Guggenheim Solar ETF (TAN) 3.3% The solar energy ETF is locking in a second day of gains as we head into the weekend on a positive note. The strength is refreshing since the fund had suffered a swift, six-day downturn prior to the run-up. It is common to see a fund like TAN swing wildly in both directions. Use extreme caution here.