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.
iShares MSCI Spain Index Fund
The most troubled of the European Union-focused ETFs are seeing some of the strongest gains today. The positive performance from EWP, and
iShares MSCI Italy Index Fund
can be attributed to the euro, which rose sharply during Thursday's trading.
Claymore/MAC Global Solar Energy Index ETF
The volatile solar ETF is another top gainer today. This industry has faced strong headwinds as top solar energy producing nations around the world focus on looming budget deficits and away from alternative energy funding.
TAN has been stuck in a consistent downward trend since mid-April. Until the fund shows signs of stability I would steer clear.
Oil Services HOLDRs
The Deepwater Horizon oil spill continues to wreak havoc on the Gulf of Mexico but oil producers are still managing to pull off gains.
Powering OIH and other oil-producer ETFs is a jump in crude prices. On Thursday oil prices gained on a weak dollar and China's positive economic forecast.
iShares Dow Jones Transportation Average Index Fund
Transports were buoyed by market optimism today as well. Recently, IYT has managed to see a nice bounce off its 200-day moving average.
On Friday, ETF investors will once again have the opportunity to play the shipping industry as Claymore, for the second time, launches its
Claymore Shipping ETF
. In late April, a shareholder snafu lead to its closure.
iPath S&P 500 VIX Short Term Futures ETN
The market took off early in the day after the U.S. released an optimistic jobs report and China followed with strong export numbers. In response, investors poured into the market, pushing fear to the sidelines.
The iPath VIX ETN is interesting to watch, but given the market's recent back and forth action, owning it is too risky for my blood.
SPDR Gold Shares
Investors' flight from safety is putting pressure on gold prices. GLD and
iShares COMEX Gold Trust
are both treading in negative territory.
Gold has grown to become an asset class all of its own as investors looking for a strong defensive play against market turmoil add the yellow metal to their portfolio.
All prices as of 2:15 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was long iShares COMEX Gold Trust.
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.