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

iShares MSCI Turkey Investable Market Index Fund

(TUR) - Get Report

2.6%

Turkey's marketplace is seeing another strong move higher, pushing TUR to levels last seen prior to its November sell-off. Over the past 10 trading sessions, the fund has seen only two days of losses.

While the nation's trajectory has been encouraging, TUR's future action will continue to be tested as developed European nations work to solve their ongoing sovereign debt issues.

Guggenheim Solar ETF

(TAN) - Get Report

2.1%

Solar stocks are heading higher as we approach the end of the week. The past two days of strength have been encouraging for TAN which, over the past week, has seen its rally slow.

The alternative energy sector could have some fuel left in the tank. Any upward action, however, will likely rely heavily on whether or not moods remain lifted.

Global X Silver Miners ETF

(SIL) - Get Report

1.9%

A handful of precious metals-related products are following up Wednesday's show of strength with another winning session. Leading the climb are miner-focused funds like SIL and the

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

.

Not all funds are seeing strength, however. The bullion-backed

ETFS Physical Palladium Shares

(PALL) - Get Report

is seeing slight losses.

Losers

United States Natural Gas Fund

(UNG) - Get Report

-5.2%

This week has been an encouraging one for the battered natural gas industry and, in this

morning's feature I laid out ways bullish investors can safely gain exposure.

Once again, equity-related products like the

First Trust ISE Revere Natural Gas Index Fund

(FCG) - Get Report

are holding up better than their futures-backed cousins. FCG is off less than 2.5% in early afternoon trading.

SPDR S&P Regional Banking ETF

(KRE) - Get Report

-3.0%

Earnings reports from the regional banking industry have indicated that the economic environment has been improving in recent months. Despite this encouraging news, however, the financials as a whole remain questionable.

While aggressive investors may want to try their luck here, keeping exposure small and contained is crucial. Overexposure can lead to gut-wrenching volatility.

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

-2.0%

TBT scored a spot on Wednesday's list of losers. However, by the end of Wednesday's trading, the fund managed to push into positive territory. These gains have been short-lived however as choppy market action drives investors back to the safety of long-term U.S. Treasuries.

TBT appears to be on track to test its 50-day moving average. It has been a while since this leveraged product has spent a considerable amount of time above this point so looking to the next few days it will be interesting to see if it holds up.

All prices as of 2:12 PM EST.

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.