NEW YORK ( TheStreet) -- Don Dion posts his current insights on the stock, bond, commodity and currency markets in his RealMoney blog, anticipating which ETFs will be in play next.

Here are three of his blog posts from the past week:

A September to Remember

Published 9/30/2010 2:54 p.m. EDT

Stocks could still slog their way back into positive territory today, but as we close out the month, the most important thing to remember is the big picture. Even if today's action feels like an unwelcomed rollercoaster ride, consider the fact that stocks are set to finish the month with strength: the S&P 500 had its best September performance since 1939.

Here are some other positive moves to keep in mind: GDP improved to 1.7%, personal income increased, jobless claims dropped slightly (not as much as we may have hoped), the Chicago PMI exceeded expectations by improving to 60.4 and stocks set a four-month high this morning.

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But the recent strength hasn't been enough to get many investors out of the "fear trade." I expect that we'll see this trend reflected in the September National Stock Exchange ETF data. We will likely see that there was improvement in some equity funds but that there is still plenty of demand for fixed-income funds such as iShares Barclays TIPs ( TIP) and hard-asset vehicles such as SPDR Gold Shares ( GLD).

How long will it take before everyday investors feel confident enough to dip their toes back into U.S. equities? (I keep hearing a lot about emerging-market debt and the corresponding PowerShares Emerging Markets Sovereign Debt Portfolio ETF ( PCY) and the iShares JP Morgan USD Emerging Market Bond ETF ( EMB).) I expect that we'll have to get through the November elections and get some answers about the impending tax cuts -- a huge psychological hurdle for many investors right now -- to find out the answer to that question.

But you don't have to wait for the masses to play a part in this recovery. Rather than waiting for everyone to join the rally, slowly dial up your U.S.-equity exposure through ETFs. Remember, remember, the month of September, especially if things get choppy at the beginning of next month.

At the time of publication, Dion Money Management held no positions in the stocks mentioned.

A Better Way to Play the Oil Drillers

Published 9/29/2010 12:02 p.m. EDT

The iShares Dow Jones US Oil Equipment Index ( IEZ) had an impressive (if volatile) performance this morning, and the oil-services subsector looks promising in late 2010. While IEZ is leading the pack of oil-service ETFs today, I'd encourage investors to check out SPDR S&P Oil and Gas Equipment and Services ETF ( XES) instead.

As a cap-weighted fund, IEZ is extremely top heavy, allocating more than 17% of its underlying portfolio to Schlumberger ( SLB). In the wake of the BP ( BP) disaster, it has become pretty clear that you don't want to stake all your energy exposure on one firm -- it is better to use a fund that mitigates security-specific risk.

XES uses an equal-weight methodology so that investors have minimal risk when it comes to swings in single components. XES' top five components -- Pride International ( PDE), Superior Energy ( SPN), McDermott ( MDR), Transocean ( RIG) and National Oilwell ( NOV) -- comprise just 4.32%, 4.32%, 4.12%, 4.11% and 4.11% of the underlying portfolio, respectively. By spreading out assets among 27 underlying holdings, XES' construction helps to minimize the risk of blowups.

A recent report showing that crude supplies are lower than expected should continue to help energy subsectors involved with this commodity in the weeks ahead. As we move into winter and people in the U.S. begin to fire up their heating, XES should continue to benefit from the season shift as well as the lower-than-expected oil supplies.

At the time of publication, Dion Money Management had no positions in stocks mentioned.

The Social Network ETF

Published 9/27/2010 4:35 p.m. EDT

Facebook is not yet a public company, but that doesn't mean that you can't invest in one of the most important ideas behind this booming social network: the power of online communities.

As movie-goers eagerly await the opening of The Social Network, a fictionalized expose of founder Mark Zuckerberg's early years, it's an important time to contemplate the enormous impact that online communities have had on everyday life and business. Some of the most successful publicly listed Internet firms today make ample use of the social networks at their core.

Consider a site like eBay ( EBAY), which not only brings buyers and sellers together but also encourages all users to create profiles and online stores and comment on other users. Amazon ( AMZN) is tailored to user specifications (offering product suggestions) and also spotlights user comments and feedback.

Search engines Yahoo! ( YHOO) and Google ( GOOG) are also major presences in the social-networking scene. Consider the ways in which Google has tried to parlay Gmail into a platform to rival instant-messaging services such as AOL ( AOL), Internet phone firms such as Skype and more obvious networking sites such as Facebook, creating communities for Gmail users out of an email contact database. Yahoo! also encourages users to build profiles and rallies a significant number of U.S. consumers around its "Fantasy Sports" options.

What's the best way to profit from firms that use some kind of social networking at the core of their business models? The First Trust Dow Jones Internet Index ETF ( FDN) is a good place to start. In addition to featuring eBay, Amazon, Yahoo! and Google as top components, FDN also contains other solid internet picks such as Monster Worldwide ( MWW), WebMD Health ( WBMD) and ( CRM). Take a closer look at most of FDN's components and you'll see the common thread of some sort of social networking as part of the business model.

Social networking is a powerful force that's shaping not only the way that individuals connect and consume, but also the way in which Internet firms do business. FDN is a solid way to gain exposure to Internet firms that capitalize on the growth and potential of social networking. I look forward to the day when Facebook joins the list.

At the time of publication, Dion Money Management was long FDN.

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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