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.
SPDR S&P Metals & Mining ETF
The mining industry is heading higher today, providing XME with a welcomed jump. Aiding this sector's performance is the optimistic news coming from China's export report. Steel firms were beneficiaries of the good news as well, with
Market Vectors Steel ETF
ETFS Physical Palladium Shares
With the market churning out gains, the most volatile of the industry-backed precious metals is heading higher. Platinum, which can be tracked using the
ETFS Physical Platinum Shares
is heading higher today as well.
Oil Services HOLDRs
Although BP continues to face its fair share of issues, the oil services industry has still successfully managed to head higher during Wednesday's trading. The gains can be attributed to a rise in the price of crude thanks to a report which stated that inventories dropped more than expected. OIH and the
United States Oil Fund
are both among Wednesday's top performing ETFs.
iPath S&P 500 VIX Short Term Futures ETN
The markets are finding strength today after yesterday's strong showing, driving investors back into the market. In response, the fear-tracking VIX is retreating, causing pain to VXX.
Investors should continue to keep an eye on this product in the coming weeks as the issues in Europe continue to play out. As uncertainty persists, this fund will continue to yo-yo.
United States Natural Gas Fund
Natural gas is sliding. Weather is playing a big part in today's tumble. Although the summer season is upon us, short-term forecasts are calling for only mild weather. This less than ideal prediction for natural gas coupled with supply aplenty may keep UNG pressured in the near future.
PowerShares DB US Dollar Index Bullish
Despite ongoing debt issues, the euro has managed to find some strength today, causing pain to the U.S. dollar. The U.S. dollar, as well as long-term treasury funds and gold ETFs, did well in times of market turmoil, but they usually pullback when the market turns higher.
All prices as of 2:15 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management was not long any of the funds mentioned.
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.