NEW YORK ( TheStreet) -- Welcome to Don Dion's "Daily ETF Winners and Losers." Be sure to stop by each day to find out which ETFs are gaining or losing.
Global X Lithium ETF ( LIT) 6.4% Strength is driving investors back into market-correlated asset classes. Equity-backed funds related to the commodities sector are seeing a particularly strong run-up. LIT, Global X Uranium ETF ( URA) and the First Trust ISE Global Copper Index ETF ( CU) are among the industry's biggest gainers. Volatile, futures-tracking ETNs are strengthening as well. The iPath Dow Jones UBS Sugar Subindex Total Return ETN ( SGG) is up after eight consecutive days of losses. PowerShares Financial Preferred Portfolio ( PGF) 6.1% Income-focused ETFs are seeing strength as the market's upward action leads investors to take cautious steps back into the risk. Preferred stock ETFs such as PGF and iShares S&P Preferred Stock Index Fund ( PFF) are seeing welcomed gains, recouping losses suffered during their steep, three-day slides. Master-limited partnerships are rising as well, pushing the JPMorgan Alerian MLP Index ETN ( AMJ) to industry-leading gains. The yields associated with MLPs may make them attractive among income-focused investors. However, given the shakiness recently in the energy markets recently, this corner of the marketplace may be in for some rocky action. iShares MSCI Australia Index Fund ( EWA) 5.3% iShares Australia and other commodities-heavy international ETFs are leading the way higher. Top holdings BHP Billiton ( BHP) and Rio Tinto ( RIO) are up over 5% and 8% respectively. Together, these two mining goliaths account for close to one-fifth of the fund's assets. The iShares MSCI Chile Investable Market Index Fund ( ECH) is another big mover. SPDR Dow Jones Global Real Estate ETF ( RWO) 4.5% Real estate-related ETFs are witnessing gains as market strength instills investor confidence in the global growth picture. RWO, iShares FTSE NAREIT Mortgage Plus Capped Index Fund ( REM) and iShares Cohen & Steers Realty Majors Index Fund ( ICF) are three of the biggest movers from this sector. Interestingly, the homebuilder sector is seeing bipolar action. While the SPDR S&P Homebuilder ETF ( XHB) is seeing small gains, the iShares Dow Jones U.S. Home Construction Index Fund ( ITB) is off nearly 1%.
In trading on Wednesday, shares of the Lithium ETF entered into oversold territory, changing hands as low as $11.25 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.