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Dion's Tuesday ETF Winners and Losers

Sugar prices continue to yo-yo, recovering all of the ground lost at the start of this week and more. SGG may be showing signs of a reversal in the near future.

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 Dow Jones-UBS Sugar Total Return Subindex ETN (SGG) - Get Report 3.6%

Sugar prices continue to yo-yo, recovering all of the ground lost at the start of this week and more. SGG may be showing signs of a reversal in the near future as the fund managed to carve out a higher low last time it turned lower. However, I would not advise investors to take their chances with this volatile fund.

GlobalX Silver Miners ETF (SIL) - Get Report 3.3%

Once again, the precious metals are seeing impressive gains with silver out in front. But this time, it is the miner ETFs leading the physically backed commodity funds. SIL, the

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

and the

Market Vectors Gold Miners ETF

(GDX) - Get Report

are among the biggest gainers.

PowerShares DB Base Metals Fund (DBB) - Get Report 2.5%

While precious metals are leading the winners, base metals have also managed to score some gains on Tuesday. DBB, which tracks a collection of aluminum, copper and zinc, has struggled recently as market turmoil leads investors to question future demand for base metals.


iShares S&P North American Technology Semiconductors Index Fund (IGW) -1.8%

At midday, the tech-heavy


was leading the broad market indices lower. Semiconductor firms, as tracked by IGW, were among the biggest loser among the group.

IGW is now treading very close to previous 2010 lows. Investors should keep an eye on this level to ensure that this level can be held.

SPDR S&P Homebuilder ETF (XHB) - Get Report -2.1%

Like IGW, the SPDR Homebuilder ETF is testing previous lows from 2010. Aside from XHB, other real estate-focused ETFs are also feeling pressure.


TST Recommends

(RWR) - Get Report


iShares Dow Jones Home Construction Index Fund

(ITB) - Get Report

have taken hits today.

United States Natural Gas Fund (UNG) - Get Report -2.0%

Although it has appeared to be a bright spot in light of BP's continued fumbles regarding the oil spill of the Gulf of Mexico, futures and equity backed natural gas ETFs are facing losses today.

Oil producers also continue to feel the heat, with

Oil Services HOLDRs

(OIH) - Get Report

taking a hit today as well.

All prices as of 2:16 PM EST

At the time of publication, Dion Money Management owned GDX.

Don Dion is president and founder of

Dion Money Management

, 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.