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 Sugar Total Return Subindex ETN (SGG) 5.8%

Sugar prices have taken a beating over the past few months, dragging investors in SGG along for the ride. Today, however, the soft commodity caught a break as investors bet that supplies would tighten and Asian importers saw renewed demand for the sweetener.

SGG appears to show signs of bottoming. However, I would still urge investors to use caution when playing sugar. It will likely remain volatile in the near future.

PowerShares DB Base Metals ETF (DBB) 1.7%

Whereas base metals were among the biggest losers on Monday, on Tuesday, these materials are surging. Leading the pack higher in early trading was copper. Reflecting this strength, the iPath Dow Jones-UBS Copper Total Return Subindex ETN ( JJC) is up 1.8%.

First Trust ISE-Revere Natural Gas Index ETF (FCG) 1.8%

Natural gas producers are scoring gains today as futures prices rise to 10-week highs. Recently, the troubled United States Natural Gas Fund ( UNG) has been on a tear, breaking above its 50-day moving average.

In the past I have warned against playing the natural gas industry with UNG and continue to stand by this call. FCG or the JP Morgan Alerian MLP Index ETN ( AMJ ) is a better play on the fuel.


iShares Dow Jones US Regional Banks Index Fund (IAT) -3.2%

IAT spent a good part of the first half of 2010 well above its 50-day moving average. However, in May the fund has returned to this level as the broad financial industry remains under Washington scrutiny.

Pressuring IAT on Tuesday are Deutsche Bank ( DB) downgrades for two top regional banks, BB&T ( BBT) and US Bancorp ( USB). Together, these two firms account for more than a quarter of the fund's total portfolio.

Investors looking for a less top-heavy play on the regional banking industry should look to the SPDR KBW Regional Banking ETF ( KRE). It's down 2.5% today.

SPDR S&P Semiconductor ETF (XSD) -2.5%

The technology industry is taking a beating today and semiconductors are taking the brunt of the pain. Throughout May, XSD has volleyed between its 50- and 200-day moving average.

Top semiconductor firms are in the midst of battle with the EU over cartel charges filed against them.

ProShares UltraShort 20+ Year Treasury ETF (TBT) -2.0%

With the market still shaky, investors continue to seek out the safety of long term treasuries. This flight to safety is causing the double short ProShares product to take a hit.

Due to its use of derivatives I would advise against retail investors playing TBT or any leveraged or inverse ETF. This fund's day to day performance, however, is a good indicator of broad market sentiment.

All prices as of 2:15 PM EST

Don Dion is president and founder of Dion Money Management, 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.

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