NEW YORK (

TheStreet

) --Welcome to Don Dion's ETF Winners and Losers. Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

SPDR S&P Semiconductor ETF

(XSD) - Get Report

4.2%

The technology sector is heading higher as we get closer to the holiday weekend. While semiconductor-focused funds, like XSD, are leading the way, networking and Internet stocks are also strengthening. The

PowerShares Dynamic Networking Portfolio

(PXQ) - Get Report

and

First Trust Dow Jones Internet Index Fund

(FDN) - Get Report

are up around 2%.

After yesterday's selloff, the

iShares S&P North American Technology Software Index Fund

(IGV) - Get Report

is seeing tepid action. During early afternoon trading, it was up less than 1%.

SPDR S&P Bank ETF

(KBE) - Get Report

3.2%

The financial industry is finding its footing, helping funds like KBE and the

PowerShares KBW Bank Portfolio

(KBWB) - Get Report

power higher. Wall Street giant,

Citigroup

(C) - Get Report

is a notable gainer, jumping over 6%. A three-day string of gains has helped KBE recover back above its 50-day moving average.

Despite this strength, I encourage investors to remain cautious toward this sector.

iShares MSCI South Africa Index Fund

(EZA) - Get Report

1.6%

On the international front, South Africa is scoring a spot on the leader board. Overall, it has been a choppy week for EZA. Despite its yo-yoing action, however, the fund has still managed to power higher.

India is an emerging nation heading higher. The

WisdomTree India Earnings ETF

(EPI) - Get Report

is on the verge of locking in its third consecutive days of gains.

Losers

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

-3.2%

After two days of upward action, gold prices appear to be taking a small breather. Gold miners appear to be seeing an adverse reaction to this weakness. In the face of a generally positive market, both GDXJ and

Market Vectors Gold Miners ETF

(GDX) - Get Report

are taking a notable shot across the bow.

Silver is struggling as well, indicated by the downward action seen from bullion-backed

iShares Silver Trust

(SLV) - Get Report

. Palladium is bucking the trend. The

ETFS Physical Palladium Shares

(PALL) - Get Report

was up around 3% in early afternoon trading.

Market Vectors Vietnam ETF

(VNM) - Get Report

-1.8%

As South Africa and India head higher, other frontier and emerging nations are struggling to find footing. VNM and the

iShares MSCI Turkey Investable Market Index Fund

(TUR) - Get Report

are two noticeable decliners.

Looking ahead, it will be interesting to see if VNM can find support. The fund is approaching its previous 2011 lows.

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Report

-0.8% Investors were greeted to a mixed batch of economic data at the start of the day. While Q3 GDP was revised downward, new jobless claims dipped to their lowest level since April 2008.

Despite the bipolar news, investors are showing resilience. The fear-tracking VIX index is tumbling for its third day, breaking to lows not seen since late July. VXX, meanwhile, has slumped below its 200-day moving average for the first time since early August. This is VXX's sixth consecutive day of losses.

All prices as of 2:15 PM EST

At the time of publication, Dion Money Management was long FDN.