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 S&P 500 VIX Short Term Futures ETF ( VXX) 3.6%

After the last few days of resounding strength, the markets are seeing some back and forth action, providing the VIX with some room to run. The bad retail report this morning is adding to today's market jitters.

As volatility persists, investors should continue to stand by defensive holdings such as iShares COMEX Gold Trust ( IAU).

iShares S&P North American Technology Index Fund ( IGM) 0.7%

The market is choppy but technology is maintaining a lead. Tech is scoring gains after an optimistic Intel earnings report. On Thursday, investors will look to Google ( GOOG) to get a read on the status of the Internet industry.

Investors looking for a way to access international tech names should watch the iShares MSCI Taiwan Index Fund ( EWT). Although the fund is designed to track the broad Taiwanese markets, technology represents the fund's largest sector slice, making up nearly 60% of the fund. EWT is up about 0.4% today.

ETFS Physical Palladium Shares ( PALL) 0.7%

Precious metals linked to industry continue on their second day of notable gains, with PALL leading the pack. iShares Silver Trust ( SLV) is another notable riser, jumping 0.5%.

While silver is typically a pretty stable holding, investors should be cautious of PALL. This fund tends to be more volatile than other precious metals. Conservative investors should be cautious before jumping into this fund.


SPDR S&P Homebuilders ETF ( XHB) -2.9%

The broad real estate industry is struggling today, driving not only homebuilder ETFs but also funds focused on REITs, lower.

Real estate will continue to be a tricky area of the market to navigate as market tensions weigh on investors' outlooks for the domestic and global economy. Continue to exercise caution when playing XHB and other housing ETFs.

SPDR KBW Regional Banking ETF ( KRE) -2.7%

The SPDR regional banking ETF hit a hurdle today after scoring some of the ETF industry's strongest gains the day before. It has managed to give back a large portion of Tuesday's gains as it bumps up against its 50-day moving average.

Market Vectors Vietnam ETF ( VNM) -1.7%

VNM continues to struggle to find upside momentum. In recent weeks, VNM has traded sideways, bouncing off its 50-day moving average. Secretary of State Hillary Clinton will visit Vietnam next week and that may put the country on investors' radar screens.

All prices as of 2:16 PM EST

-- Written by Don Dion in Williamstown, Mass.
At the time of publication, Dion Money Management owned iShares COMEX Gold Trust.

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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