Dion's Monday ETF Winners and Losers

Several ETFs scored gains after Europe's decisive move to resolve Greece's debt crisis.
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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.

Winners

iShares MSCI Spain Index Fund

(EWP) - Get Report

13.3%

After tumbling last week, the Spain-focused ETF managed to recover nearly all of May's losses on Monday.

EWP has been one of the most volatile ETFs over the past few weeks. Although it appears as though steps are being taken to solve the Greece issue, playing with struggling European nations like Spain will likely be risky for the time being. Be cautious.

Market Vectors Indonesia ETF

(IDX) - Get Report

10.1%

Indonesia took a big hit late last week along with the rest of the market, driving IDX down to its 200-day moving average and nearly setting new 2010 lows. However, on Monday, a considerable chunk of this dip was recovered and the fund has managed to return to surpass its 50-day moving average.

Investors may want to watch IDX over the next few days to see if it continues back to pre-dip levels.

iShares MSCI Israel Capped Investable Market Index Fund

(EIS) - Get Report

7.8%

Israeli stock are gaining on Monday, leading EIS to strong gains. The fund's top holding,

Teva Pharmaceuticals

(TEVA) - Get Report

, jumped after the Royal Bank of Scotland issued a buy recommendation on the company.

Israel should continue to show strength on news that the nation was accepted into the Organization for Economic Cooperation and Development.

Market Vectors Coal ETF

(KOL) - Get Report

7.4%

KOL's is popping today along with the broad market. Aiding the fund's Monday ascension is top holding,

Peabody Energy

(BTU) - Get Report

, which was up nearly 8% during mid-day trading. BTU accounts for nearly 8% of KOL's portfolio.

BTU's jump stems from news that it had reduced its bid for Australia's MacArthur Coal due to the

Australian mining tax

.

Losers

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-11.5%

Amidst last week's market turmoil, investors holding VXX and other ETFs designed to track the VIX were among the few who managed to score any gains. However, with Europe taking solid steps towards solving the Greece crisis, fears are again taking a backseat as investors dive back into the market.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get Report

(TLT) -1.2%

TLT soared last week as investors fled risky investments in favor of the security that comes with holding long term U.S. Treasuries. However, with news that the European crisis is on the mend, risk is back in favor and TLT is down.

All prices as of 2:19 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was long iShares MSCI Israel Capped Investable Market Index Fund.

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.