NEW YORK (
) -- 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.
A panicked market provides the ideal scenario for the VXX to score some strong gains.
Tuesday's midday gains were enough to bring VXX up to its 50-day moving average. Since the fund first began its freefall in early 2009, it has never managed to breach this level of resistance.
Even if it does manage to surpass this level, I don't expect VXX to see any consistent rally. Continue to steer clear of this fund.
Throughout April, THD investors suffered at the hands of red shirt protesters. However, Tuesday's gains managed to erase a respectable chunk of those losses.
The Thailand ETF may have further to go if the nation's political tensions continue to ease. I would advise investors to keep an eye on it going forward.
The end is not yet in sight for Greece and the rest of Europe. Investors see this and are avoiding some of the riskiest European nations at all costs.
Today's dip brings EWP back to levels seen last July. Investors should steer clear of EWP and other ETFs holding euro denominated assets until this situation works itself out.
TAN managed to score some gains during April. However, the first few days of May have been anything but kind to this solar ETF.
Over a quarter of this fund is dedicated to companies hailing from Europe. With the ongoing Greece debt crisis battering this region, investors should expect shaky performance from TAN.
The impact of the Australian miner tax continues to punish investors playing EWA. Top mining firms
account for nearly 20% of the fund's total portfolio and Tuesday's dip dragged the fund below its 50-day moving average.
A broad market sell-off is sending investors fleeing for the safety of long term bonds. In response, the leveraged short ETF, TBT, is taking a hit. Investors looking for a bullish play on 20-year treasuries can use the
iShares 20+ Year Treasury Bond Fund
In April TBT was one of the biggest draws of investors' assets, pulling in nearly $900 million.
All prices as of 2:17 PM EST
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.