Dion's Friday ETF Winners and Losers

Uncertainty continues to stoke fears in the hearts of investors driving VXX higher once more.
Author:
Publish date:

NEW YORK (TheStreet) -- Welcome to Don Dion's Daily ETF Winners and Losers. Be sure to stop by each day to get a feel of who's winning and who's losing when it comes to ETFs.

Winners

iPath S&P 500 VIX Short-Term Futures ETN (VXX) - Get Report 10.5%

Uncertainty continues to stoke fears in the hearts of investors driving VXX higher once more. After consistently heading downward for a year, the fund has managed to rise and stay above its 50-day moving average for nearly a month.

Despite its new strength, I highly advise against playing VXX for all but the most sophisticated investors who understand all of this product's flaws.

iShares Barclays 20+ Year Treasury Bond Fund (TLT) - Get Report 1.9%

With troubles in Europe weighing on the markets, long term treasuries, as tracked by the TLT, are scoring impressive gains. Conversely,

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

is performing as advertised, down 2X today's move in TLT.

Losers

iShares MSCI Spain Index Fund (EWP) - Get Report -5.9%

The euphoria initially felt with the introduction of the EU emergency fund has worn off entirely and investors are again concerned about the economic outlook for the European Union. ETFs designed to track the most debt-laden European nations are taking big hits. ETFs designed to track these nations include EWP,

iShares MSCI Italy Index Fund

(EWI) - Get Report

and the new

iShares MSCI Ireland Capped Investable Market Index Fund

(EIRL) - Get Report

.

Market Vectors Steel ETF (SLX) - Get Report -4.6%

Steel is also tumbling today on concerns that China's efforts to cool its economy could reduce demand for iron ore. In early trading, mining giants and hold SLX holdings

Rio Tinto

(RTP)

and

Vale

were down over 4.5%.

Investors watching the fund's technical picture should keep an eye on the SLX's 200-day moving average. Throughout May this level has been a point of support.

iShares MSCI Turkey Investable Market Index Fund (TUR) - Get Report -4.5%

Turkey's markets were strong throughout the course of this week before stumbling on Friday. TUR's fall on Friday sent the fund back below its 50-day moving average, which it has bounced around throughout May.

SPDR S&P Metals & Mining ETF (XME) - Get Report -4.1%

After scoring a spot among Thursday's biggest ETF winners, XME has failed to follow up, giving back not only yesterday's, but the entire week's gains.

In recent weeks base metals have lagged their precious cousins considerably as investors seek out the protection of gold rather than industry-linked metals like aluminum, copper and zinc. Amid the market's current volatile state, going for gold and silver miners using

Market Vectors Gold Miner ETF

(GDX) - Get Report

or

Global X Silver Miners ETF

(SIL) - Get Report

is a better bet than XME.

All prices as of 2:12 PM EST

At the time of publication, Dion Money Management owned TUR and GDX.

Don Dion is president and founder of

Dion Money Management

, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.