Dion's Wednesday ETF Winners and Losers

Indonesia's markets are scoring strong gains today. Market Vectors Indonesia Index ETF (IDX) may prove to be a good position if the markets continue to exhibit strength.
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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.

Winners

Market Vectors Indonesia Index ETF (IDX) - Get Report 7.0%

Indonesia's markets are scoring strong gains today. According to

Reuters

, the nation's benchmark stock index saw its biggest single day jump in 18 months Wednesday.

IDX may prove to be a good position if the markets continue to exhibit strength.

Market Vectors Coal ETF (KOL) - Get Report 3.9%

The coal ETF tumbled along with the rest of the market throughout much of May, but in recent days this decline has slowed, leading the way to Wednesday's jump.

Coal and other basic materials like steel will continue to benefit if the market can hold onto gains. Aside from KOL, investors looking to play the bounce may also wish to check out

Market Vectors Steel ETF

(SLX) - Get Report

.

iShares MSCI South Africa Index Fund (EZA) - Get Report 4.1%

South Africa is among the top gaining international ETFs on Wednesday. The fund's heavy exposure to mining companies is likely the main driver to the fund's performance.

The South Africa ETF may continue to see a boost in the near future as tourists flock to the nation to watch the FIFA World Cup.

GlobalX Silver Miners Index ETF (SIL) - Get Report 3.4%

Silver miners are benefiting from a broad market up tick, sending SIL higher. Although it has only been available to investors for two months, this fund by Global X has managed to amass an impressive following. Currently, SIL is the only ETF available for investors looking for a pure play on silver producers.

SPDR S&P Homebuilders ETF (XHB) - Get Report 2.7%

After an optimistic report from Toll Brothers, the SPDR homebuilder ETF is scoring strong gains. During the most recent three-month period, the luxury builder saw its losses narrow. They followed up their numbers with an optimistic forecast for the broader housing industry.

Losers

iPath S&P 500 VIX Short Term Futures ETN (VXX) - Get Report -7.2%

VXX enjoyed a nice rise over the past few weeks as investors fled the markets to avoid Europe debt crisis and Chinese tightening. However, on Wednesday, bulls are driving the major indices higher, suffocating the fear-based VIX.

In recent days I have warned investors that, while VXX's performance has been impressive, it can tumble just as easily. Today's dip alone has managed to erase a large chunk of last week's gains.

iShares MSCI Spain Index Fund (EWP) - Get Report -2.4%

Although the U.S. markets are treading higher today, the issues in Europe persist. Taking one of the biggest hits among the euro-bloc is Spain. EWP's descent over April and May has brought the fund back to levels seen a year ago. Investors should continue to exercise caution when looking abroad for investing opportunities.

All prices as of 2:15 PM EST

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.