Dion's Friday 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 find out which ETFs are gaining or losing.

Winners

iShares S&P North American Technology-Multimedia Networking Index Fund (IGN) 3.9%

A number of firms from IGN's top 10 positions are climbing higher, benefiting from today's sweeping strength.

Qualcomm ( QCOM), Research In Motion ( RIMM), Polycom ( PLCM) and InterDigital ( IDCC) are each up over 3%.

Market Vectors Uranium+Nuclear Energy ETF (NLR) 3.8%

Nuclear energy ETFs including NLR and Global X Uranium ETF ( URA) are powering higher as we head into the weekend.

It has been a rough year for this region of the alternative energy industry. Both NLR and URA remain well off of the levels witnessed prior to Japan's devastating earthquake and tsunami.

iShares MSCI Turkey Investable Market Index Fund (TUR) 3.5%

In response to the market's upward action, volatile emerging markets are witnessing strength. TUR and the iShares MSCI Thailand Investable Market Index Fund ( THD) are both in positive territory.

Although TUR still has ample ground to cover before returning to pre-August levels, the fund has enjoyed some welcomed strength this week.

Losers

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

Although the Swiss franc and other safe haven asset classes are running into headwinds as investors adopt a risk-on mindset, long term U.S. treasury bonds are bucking the trend. As the iShares Barclays 20+ Year Treasury Bond Fund ( TLT) gains nearly 1%, the inverse-tracking TBT is leading the ETF industry in losses.

iPath S&P 500 VIX Short Term Futures ETN (VXX) -1.9%

The late-morning market reversal is helping to squash fears and lead investors back into riskier asset classes. In response to this confidence, the fear-tracking VIX is taking a hit.

The past few weeks of economic turmoil have been a boon for VXX. The ETN has managed to recover all of its 2011 losses.

CurrencyShares Swiss Franc Trust (FXF) -1.6%

The market's late morning reversal following Bernanke's Jackson Hole speech has sent investor fleeing from the shelter of safe-haven asset classes. The Swiss franc, which has become a popular destination for jittery individuals, is taking a notable hit, pushing FXF to its 50-day moving average. This level will be interesting to watch. It has not been breached since mid-February.

All prices as of 2:14 PM EST

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