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

Winners

Guggenheim Solar ETF

(TAN) - Get Report

12.2%

Signs of stablizing prices are helping to power the solar energy industry higher. With Wednesday's upward action, TAN has managed to break through its 50-day moving average for the first time since last May.

Companies leading the way higher include

Trina Solar

(TSL)

,

Yingli Green Energy

(YGE)

, and

Suntech Power Holdings

(STP)

. Each is up between 20% and 30%.

iShares Dow Jones U.S. Home Construction Index Fund

(ITB) - Get Report

3.5%

For the third consecutive day, homebuilder ETFs including ITB and

SPDR S&P Homebuilder ETF

(XHB) - Get Report

are in positive territory. Since the start of the year, neither fund has seen more than a single day of downward action.

This early-year rally has pushed ITB back to its July highs. As the fund approaches post-meltdown levels, it will be interesting to see if this strength persists.

iShares MSCI Turkey Investable Market Index Fund

(TUR) - Get Report

2.3%

Turkey's markets have enjoyed a welcomed bounce following last week's sell-off. In response, TUR has pushed higher for three days, approaching levels seen at the start of the year.

A promising trade deficit report is helping to instill confidence in this volatile European nation. According to

The Wall Street Journal

, Turkey's current account deficit shrank for the first time in over two years in November.

ETFS Physical Platinum Shares

(PPLT) - Get Report

1.8%

Lingering European concerns have given the jitters to U.S. investors. Interestingly, however, strength can be seen in some growth-correlated assets. Platinum, for instance, is pushing higher, helping PPLT lock in stand out gains.

Other members of the precious metals spectrum are seeing tepid action.

Losers

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN

(GAZ) - Get Report

-5.4%

While the sun is shining on the solar stocks, other areas of the energy sector are taking a heavy shot across the bow. Both natural gas oil producers are struggling to find footing, pushing funds like the

First Trust ISE Revere Natural Gas Index Fund

(FCG) - Get Report

and

iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund

(IEO) - Get Report

to losses.

Natural gas futures are faring especially poorly. Both GAZ and the

United States Natural Gas Fund

(UNG) - Get Report

are off over 5%, locking in new record lows.

iShares MSCI Netherlands Investable Market Index Fund

(EWN) - Get Report

-1.0%

Europe fell back into focus mid-week, making for a tumultuous trading session. For international-minded investors, the pain is wide reaching. EWN,

iShares MSCI South Korea Index Fund

(EWY) - Get Report

and

Market Vectors Indonesia ETF

(IDX) - Get Report

are among the leading decliners.

ETFs linked to Latin America appear to be bucking the trend. The

iShares MSCI Mexico Investable Market Index Fund

(EWW) - Get Report

,

iShares MSCI Brazil Index Fund

(EWZ) - Get Report

and

iShares MSCI Chile Investable Market Index Fund

(ECH) - Get Report

are seeing slight gains.

All prices are 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 did not own any equities mentioned.