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Dion's Monday ETF Winners and Losers

The iPath S&P VIX Short Term Futures ETN was rising as the Goldman Sachs fraud charges rattled investors.
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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.


iPath Dow Jones-UBS Sugar Total Return Subindex ETN

(SGG) - Get iPath Series B Bloomberg Sugar Subindex Total Return ETN Report


Sugar is sweet today with SGG scoring some of the biggest gains across the ETF realm. The gains mark the largest rise for the commodity in three weeks as buyers return to the market.

SGG may be in for additional gains in the near future thanks to the Phillipines, which according to


, is expected to halt exports due to weak production.

iPath S&P VIX Short Term Futures ETN

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


Fraud allegations against

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

(GS) continued to strike fear in the hearts of investors, driving them out of the market. In response to a shaky trading day, the VIX has seen gains, driving the futures-backed VXX higher.


SPDR Emerging Europe ETF

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Although the fund saw a nice pop after hitting its 50-day moving average during the latter half of March, GUR's performance throughout the start of April has been choppy. On Monday, the fund tacked on its third consecutive day of losses.

GUR tracks a basket of companies hailing from five nations: Russia, Turkey, Poland, Hungary, and the Czech Republic. Russia accounts for the fund's largest geographic slice, commanding over 60% of the fund's total index.

Claymore/MAC Global Solar Energy ETF

(TAN) - Get Invesco Solar ETF Report


Solar and alternative energy ETFs took a heavy hit on Monday. Over the past few weeks, TAN has managed to break through its 50-day moving average and approach the higher 200-day levels. Unfortunately, on Friday the fund reversed and losses continued into Monday.

iShares Dow Jones Taiwan Index Fund

(EWT) - Get iShares MSCI Taiwan ETF Report


The impact of Goldman Sachs' situation could be felt around the globe on Monday. In Taiwan, negative sentiment stemming from troubles facing the bank holding company was blamed for a rocky trading day. Taiwanese financial firms were not the only companies to take a hit, however.

AU Optronics


, a LCD maker which accounts for 2.3% of EWT, also fell during Monday's trading.

United States Natural Gas Fund

(UNG) - Get United States Natural Gas Fund LP Report


On Monday, supply issues continued to weigh on natural gas prices and UNG. Aside from the supply issues, a mild weather report didn't bode well for forecasted demand.

Throughout April, UNG has been trading sideways. Though I wouldn't recommend playing the fund, it may be interesting to check out which direction it takes in the near future, as it is holding just above all-time lows.

All prices as of 2:18 p.m.EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion was not long any equities mentioned.

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.