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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

PowerShares Dynamic Networking Portfolio

(PXG)

1.3%

A strong quarterly earnings showing from

VMware

(VMW) - Get VMware, Inc. Class A Report

sent shares of the firm up nearly 8% in early afternoon trading. This performance is boding well for PXQ, which lists the company among its top 10 holdings.

PXQ has enjoyed an impressive string of gains over the past few weeks that have helped to propel it through its 200-day moving average for the first time since last July.

WisdomTree India Earnings Fund

(EPI) - Get WisdomTree India Earnings Fund Report

1.6%

EPI has seen only two days of negative action in January. This largely uninterrupted rally has helped the fund recover a good portion of the losses suffered during the tumultuous final months of 2011. Fellow India ETFs like the

Market Vectors India Small Cap Index ETF

(SCIF) - Get VanEck Vectors India Growth Leaders ETF Report

have also fared well; if the fund can close out this session in positive territory, it will mark its twelfth consecutive win.

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TheStreet Recommends

iPath S&P 500 VIX Short Term Futures ETN

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

1.0%

The ongoing European debt saga has fallen back into focus, making for a choppy day of trading. As major U.S. stock indices struggle to contain losses, the fear-tracking VIX index is powering higher. VXX is on the verge of locking in its first day of gains since January 13.

Losers

Global X Norway ETF

(NORW) - Get Global X MSCI Norway ETF Report

-1.8%

Europe-related ETFs are stumbling in this choppy trading environment. NORW's downturn has negated all of the gains since the start of the week. The

iShares MSCI Austria Investable Market Index Fund

(EWO) - Get iShares MSCI Austria ETF Report

, meanwhile, is capping a five-day rally.

The mood surrounding Europe has lightened considerably during the opening weeks of the year. Still, investors should maintain a close watch on developments in this region.

Global X Uranium ETF

(URA) - Get Global X Uranium ETF Report

-1.8%

Over the past four sessions, the uranium ETF has struggled against both its 200-day moving average and October highs. The shaky action will likely continue in the near term as the fund determines where to head next.

The

Market Vectors Coal ETF

(KOL) - Get VanEck Vectors Coal ETF Report

and the

Global X Copper Miners ETF

(COPX) - Get Global X Copper Miners ETF Report

are also seeing red during mid-afternoon trading.

Global X Silver Miners ETF

(SIL) - Get Global X Silver Miners ETF Report

-1.8%

Precious metal producers are running into headwinds leading SIL, the

Market Vectors Junior Gold Miners ETF

(GDX) - Get VanEck Gold Miners ETF Report

, and the

Market Vectors Gold Miners ETF

(GDX) - Get VanEck Gold Miners ETF Report

to notable losses.

The pain can be felt across a number of physically-backed precious metals ETFs as well. The

ETFS Physical Palladium Shares

(PALL) - Get Aberdeen Standard Physical Palladium Shares ETF Report

is off over 1%.

iShares S&P Global Telecommunications

(IXP) - Get iShares Global Comm Services ETF Report

-1.2%

Telecommunications goliath

Verizon Communications

(VZ) - Get Verizon Communications Inc. Report

has struggled recently, and this morning's earnings miss did little to ease concerns. In addition to weighing on its own share price, VZ's whiff is likely setting a negative precedent for

AT&T

(T) - Get AT&T Inc. Report

, which is slated to report its own performance on Thursday.

All prices as of 2:13 PM EST

Written by Don Dion in Williamstown, Mass.

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At the time of publication, Dion Money Management did not own any equities mentioned.