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 S&P 500 VIX Short Term Futures ETN
The markets are following up Wednesday's shaky trading with another choppy session. As investors digest the week's slew of economic information, it appears that fear is winning out over greed.
VXX has staged a comeback after retreating to test its 50-day moving average.
iPath Dow Jones-UBS Copper Total Return Subindex ETN
Despite Wednesday's disappointing housing numbers, copper prices have managed to surge higher, leading JJC to welcomed gains.
Looking forward, investors interested in playing the red metal and other base metals should continue to keep an eye on the global economic recovery. China in particular will play a big part in keeping demand buoyed.
PowerShares DB Base Metals ETF
, which dedicates a third of its portfolio to copper, is also a top winner today.
Claymore/MAC Global Solar Energy Index ETF
The solar industry continues to face pressure, with TAN taking one of the heaviest hits among the entire ETF industry today.
Currently, the debt laden Spanish government is sapping energy from the nation's solar industry as it plans to retroactively cut solar tariffs.
TAN may have further to fall in the near future if Spain's plans influence other cash-strapped nations to follow suit.
Vanguard REIT Index ETF
REIT and consumer real estate ETFs continue to struggle on Wednesday after troubling reports showed that new home sales dipped 33% in the previous month.
Although VNQ enjoyed a nice rally at the start of June, the jump appears to have lost steam. The fund is currently trading back below its 50-day moving average.
iShares MSCI Spain Index Fund
Last week's optimism appears to have worn off and Europe's debt issues are once again weighing on ETFs designed to track the region's most troubled constituents. Spain is leading euro-nation funds lower.
Throughout this week EWP has been testing its 200-day moving average. If the fund fails to breach this level, it could have further to fall.
Market Vectors Steel ETF
Although copper prices found strength, SLX, which tracks a basket of the world's leading steel and iron ore producing companies, is facing pressure today.
Today's dip can be attributed to concerns about China's demand for the industrial metal. Recently, the fund has struggled to surpass 200-day moving. This indicator is on the verge of crossing its 50-day moving average: an bearish event labeled a "death cross" by technical analysts.
All prices as of 3:10 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was not long any equities mentioned.
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.