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

Winners

iShares Dow Jones U.S. Financial Services Index Fund

(IYG) - Get Report

2.0%

For the first time since mid-July, the IYG appears on track for two consecutive days of upward action. Leading the way higher is

Bank of America

(BAC) - Get Report

, which is up nearly 10%.

Financials remain a notably risky corner of the investing realm as economic turmoil stays on the minds of many. Conservative investors should use extreme caution here.

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get Report

2.0%

Residential homebuilders are holding up amidst this back-and-forth market action leading into the second half of the week.

Despite these gains, shares of ITB still have plenty of ground to cover before returning to levels seen prior to its August sell-off.

As I've explained in the past, investors looking for a solid bet on real estate should steer clear of ITB. REIT-focused funds like the

iShares Cohen & Steers Realty Majors Index Fund

(ICF) - Get Report

have fared considerably better.

iShares Dow Jones Utilities Sector Index Fund

(IDU) - Get Report

2.1%

The defensive utilities sector is benefiting as investors take cautious steps back into equities.

Keep a close watch on IDU in the coming days. The fund is currently testing its 50-day moving average. It will be interesting to see if it can ascend above this level.

ProShares UltraShort 20+ Year Treasury Bond ETF

(TBT) - Get Report

4.2%

Long-term U.S. Treasury bonds are falling out of favor despite choppy market action. The

iShares Barclays 20+ Year Treasury Bond Fund

(TLT) - Get Report

was off over 2% during early afternoon trading.

In response, the TBT is ascending to its third consecutive day of gains.

Losers

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

-4.8%

One of the big stories has been the sell-off taking place across the precious metals industry. Leading the retreat are producers such as those underlying GDXJ and

Global X Silver Miners ETF

(SIL) - Get Report

.

The losses may concern some. However, I encourage long-term investors to avoid shunning metals like gold. Economic headwinds will persist down the road and the defensive nature of this yellow metal will likely provide some welcomed relief.

iShares S&P India Nifty 50 Index Fund

(INDY) - Get Report

-2.8%

Losses can be seen across a collecting of emerging market ETFs as economic turmoil continues to drive investors away from volatile corners of the globe. India is getting hit especially hard, leading funds like INDY and

PowerShares India Portfolio

(PIN) - Get Report

to suffer notable losses.

Other funds heading lower include

Market Vectors Indonesia ETF

(IDX) - Get Report

and

iShares MSCI Thailand Investable Market Index Fund

(THD) - Get Report

.

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 iShares Cohen & Steers Realty Majors Index Fund, iShares S&P India Nifty 50 Index Fund, Market Vectors Indonesia ETF and iShares MSCI Thailand Investable Market Index Fund.