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NEW YORK (TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.

Winners

SPDR S&P Oil & Gas Exploration & Production ETF

(XOP) - Get SPDR Oil & Gas Exploration and Production ETF Report

6.4%

Oil producers are enjoying a strong bounce as sweeping market strength reignites investor confidence and eases growth concerns.

Strength from energy producers is helping to lift energy heavy international ETFs like the

Market Vectors Russia ETF

(RSX) - Get VanEck Russia ETF Report

as well. In this single session, the fund has managed to recover all of the ground lost over the past week.

iShares MSCI France Index Fund

(EWQ) - Get iShares MSCI France ETF Report

6.5%

EWQ is enjoying an impressive bounce as we approach the end of November. The fund is currently trading at levels above those seen prior to last week's four-day slide.

Other Europe-linked ETFs are surging as well, with the

iShares MSCI Germany Index Fund

(EWG) - Get iShares MSCI Germany ETF Report

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and

SPDR EURO STOXX 50 ETF

(FEZ) - Get SPDR EURO Stoxx 50 ETF Report

among the biggest movers.

iShares MSCI South Africa Index Fund

(EZA) - Get iShares MSCI South Africa ETF Report

5.9%

The South Africa ETF is scoring industry-leading gains at the start of the week, helped higher by its ample exposure to materials producers. In the past, I have pointed to EZA as an attractive alternative play on the precious metals industry. Companies including

AngloGold Ashanti

(AU) - Get AngloGold Ashanti Limited Report

, Impala Platinum, and

Gold Fields

(GFI) - Get Gold Fields Limited American Depositary Shares Report

can be found among the fund's top 10 positions.

The

SPDR S&P Metals & Mining ETF

(XME) - Get SPDR Metals & Mining ETF Report

and the

Global X Silver Miners ETF

(SIL) - Get Global X Silver Miners ETF Report

are heading higher as well.

First Trust Dow Jones Internet Index Fund

(FDN) - Get First Trust Dow Jones Internet Index Fund Report

4.1%

The Internet-linked ETF is seeing gains as consumers continue their holiday shopping from the comfort of their office desks and living room sofas. Strong holiday retail expectations are one of the driving forces behind the market's rally. Looking to the near term, it will be interesting to see this strength continues.

Losers

iPath S&P 500 VIX Short Term Futures ETN

(VXX) - Get Barclays Bank PLC ZC SP ETN REDEEM 23/01/2048 USD 27.193879 - Ser A ShortTerm Futu Report

-5.5%

Although stomachs may still be full following Thanksgiving, investors are showing an appetite for risk. As markets surge higher, the fear-tracking VIX index is taking a shot across the bow.

Yet again, the 50-day moving average has proven to be a resilient point of resistance for this closely-watched index.

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN

(GAZ) - Get BARCLAYS BANK PLC TRACKER ZERT 05/03/37(BLOOMBERG NATUR) Report

-2.7%

Futures-tracking natural gas exchange traded products are taking hits, snapping two-day winning streaks.

The weakness seen from GAZ and the

United States Natural Gas Fund

(UNG) - Get United States Natural Gas Fund Report

has done little to quell the strength seen from the equity-backed

First Trust ISE Revere Natural Gas Index Fund

(FCG) - Get First Trust Natural Gas ETF Report

. The fund is up nearly 5% in early afternoon trading.

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

-0.5%

As market tensions ease and investors regain confidence, defensive asset classes are falling out of favor. The long term U.S. Treasury-tracking TLT is sliding to a second day of losses, approaching its 50-day moving average.

The

PowerShares DB U.S. Dollar Index Bullish Fund

(UUP) - Get Invesco DB US Dollar Index Bullish Fund Report

is slipping as well.

All prices as of 2:14 PM EST

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management owned the First Trust Dow Jones Internet Index Fund and PowerShares DB U.S. Dollar Index Bullish Fund.