Dion's Tuesday ETF Winners and Losers

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.

Winners

SPDR S&P Metals & Mining ETF ( XME) 3.6%

Base metals, steel and coal are all heading higher today, propelling XME, Market Vectors Steel ETF ( SLX), Market Vectors Coal ETF ( KOL) and iPath Dow Jones-UBS Copper Total Return Subindex ETN ( JJC) to top spots among Tuesday's ETF winners.

Helping lead these funds higher today is news that the Chinese government may be taking steps to relax its economic tightening measures.

Market Vectors Junior Gold Miners ETF ( GDXJ) 2.4%

After yesterday's heavy sell off, gold miners of all sizes are staging a reversal, recovering the day's losses. Silver producers are also seeing strength.

iShares MSCI Brazil Index Fund ( EWZ) 3%

The Brazil ETF is seeing a nice bounce off of its 50-day moving average. Top holding Vale is one of the country's biggest gainers, jumping nearly 5% in late morning trading. Energy giant Petrobras ( PBR) was also heading higher on Tuesday, gaining over 3%.

With debt issues continuing to threaten Europe and concerns lingering regarding China's economic growth picture, Latin America has remained a relatively stable region of the globe.

Losers

iShares Dow Jones U.S. Regional Banks Index Fund ( IAT) -1.2%

The regional banks represented by IAT are getting knocked today with Fifth Third ( FITB) and SunTrust ( STI) taking two of the biggest hits.

I continue to stand by regional banks as the better financial-focused option to play Wall Street reform but would rather stick to a fund like SPDR KBW Regional Banking ETF ( KRE), which was down less than 1% today.

KRE avoids the largest representatives of the regional banking industry like US Bancorp ( USB), which may still feel heat from Washington lawmakers.

SPDR S&P Semiconductor ETF ( XSD) -0.7%

The tech sector is slumping today after a less-than- optimistic revenue report from IBM. Leading the industry lower is the semiconductors, represented by XSD.

Texas Instruments ( TXN), another big earnings driven decliner on Tuesday, is a large holding in XSD, making up over 4% of the fund's total portfolio.

iShares MSCI Italy Index Fund ( EWQ) -0.7%

Italy-focused EWI is seeing one of the biggest dips among the single nation Europe ETFs today. Other strugglers include iShares MSCI Netherlands Investable Market Index Fund ( EWN), iShares MSCI Germany Index Fund ( EWG) and iShares MSCI France Index Fund ( EWQ).

Going forward, Europe remains a source of instability. Be cautious before testing these waters.

All prices as of 2:17 PM EST

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion Money Management was not long any of the equities mentioned.

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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