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 Grains Total Return Subindex ETN
The grain industry is scoring impressive gains today from the strength in corn prices.
In a report from the U.S. Department of Agriculture, researchers found that farmers had planted fewer acres of corn than even their lowest range predictions.
Corn accounts for slightly more than a third of JJG's index.
iShares MSCI Spain Index Fund
The Spain ETF jumped today after a report found that demand for European Central Bank loans was lower than expected.
Banco Bilbao Vizcaya Argenta
jumped higher off the news. Together, these two holdings account for 30% of the fund's total portfolio.
EWP's second largest holding,
, is scoring gains as well after Portugal's government blocked its bid for the stake of Brasilcel owned by Portugal Telecom.
PowerShares India Portfolio
Despite economic tensions that continue to face Europe and China, India's markets have performed noticeably well. On Wednesday, PIN and other India focused ETFs rose as the Indian rupee found strength and the nation's government announced it would partially deregulate fuel prices.
From a technical perspective, PIN and
WisdomTree India Earnings Fund
have managed to stay above their 50-day moving averages all year.
Market Vectors Indonesia ETF
IDX is another Asian nation fund which has performed well despite the recent spell of economic headwinds. Currently the fund, which is designed to track a basket of the most prominent companies comprising the Indonesian market, is on the verge of testing previous 2010 highs. Investors should keep a close eye on this fund to see if it can overtake this level.
Oil Services HOLDRs
Despite the trouble in the Gulf, the energy industry is turning out strong gains. Baker Hughes and Halliburton are among the top performing oil players driving OIH on Wednesday. Other oil-industry related ETFs heading higher include
SPDR S&P Oil & Gas Equipment & Services ETF
iShares Dow Jones U.S. Oil Equipment Index Fund
PowerShares Dynamic Oil &Gas Services Portfolio
iPath S&P 500 VIX Short-Term Futures ETN
Yesterday's tumble brought the S&P to the verge of breaking through the closely watched 1040 level. However, on Wednesday, the markets showed resilience, powering higher and driving fear back for the time being.
Despite today's strength, investors should continue to practice caution heading into the rest of the week.
The top heavy telecom HOLDRs fund is taking a hit today thanks to strain from both
. Together, these two firms represent nearly three quarters of the fund's total portfolio, making it an excessively risky play.
All prices as of 2:35 PM EST
-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management did not own any of the equities 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.