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.
iPath Dow Jones-UBS Sugar Total Return Subindex ETN
Since February, SGG and sugar prices have been on a nearly uninterrupted downward slide as ideal weather forecasts drive supply expectations higher. On Monday, however, a weakening dollar helped power the sweetener to a top spot among the winners.
Going forward, this soft commodity could still have further to fall. I would advise investors to continue to be cautious before jumping in.
iShares MSCI Italy Index Fund
Solid news regarding the Greek bailout has helped provide the EWI and other Europe-focused ETFs with some strong gains.
EWI should be watched closely over the next few days since the fund touched its 200-day average today, which has been a resistance line. Recently the fund has bounced between its 50- and 200-day moving averages on a number of occasions. Given past performance, the higher 200 day may prove a formidable point of resistance.
Market Vectors Indonesia Index ETF
Although bubble fears struck down IDX at the end of last week, the nation's markets and the ETF returned Monday with a vengeance, pocketing some nice gains. Still, the future may remain rocky as bubble fears persist. These concerns may cause the nation's government to take action in the form of interest rate hikes.
iShares MSCI Thailand Investable Market Index Fund
Protesters in Thailand previously poured blood in the streets as part of their protests, but over the weekend, clashes between red shirt protesters and the Thai government led to real bloodshed and the loss of life.
The fund's recent downward slide has brought the fund within reach of the $45 area, which in the past seven months had proven to be a strong point of resistance before THD rallied though that level in March. Investors should keep an eye on this level in the coming days to see how to the fund reacts.
United States Natural Gas Fund
UNG managed to score enough gains on Friday to keep from placing it among the week's biggest losers. However, the fund returned to its old ways on Monday, scoring some heavy losses. Interestingly, early in the trading day, the fund was listed among the largest gainers after the Energy Information Administration released a report saying that it expects some stable natural gas prices in 2011.
iShares FTSE/Xinhua China 25 Index Fund
While Europe ETFs soared today, China funds fell flat. Shares of FXI stumbled today on news that the nation's government is taking steps to crack down on loans in an effort to quell bubble fears.
Fueling the fund's downward action was a report from Nomura Asset Management, which stated that the nation's real estate market is overheating and should be approached cautiously.
All prices as of 2:25 p.m. EST
Don Dion is president and founder of
, 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.