Dion's Friday ETF Winners and Losers

NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.


iShares Silver Trust ( SLV) 3.9%

In contrast to the choppy price action of other precious metals, silver prices are on track to finish off the week on a strong note.

SLV's impressive performance in recent weeks has pushed the bullion fund back to its 50-day moving average. Since breaking below this level in mid-September, it has proven to be an effective point of resistance.

ProShares UltraShort 20+ Year Treasury Bond ETF ( TBT) 2.1%

Long-term Treasuries are struggling as investors seek out riskier asset classes. This disinterest is boding well for TBT. For the first time since late-October, the fund has pierced through its 50-day moving average.

While there are still plenty of economic headwinds, they have done little to upend the market's early 2012 rally. In the week ahead, it will be interesting to see if this resilience persists.


iPath S&P 500 VIX Short Term Futures ETN ( VXX) -2.1%

Major U.S. indices are seeing mixed performance as we approach the weekend. This does not seem to be disturbing investor confidence as evidenced by the losses seen from the VIX and VXX. For the ETN, this is the fourth-consecutive day of negative action.

SPDR S&P Homebuilders ETF ( XHB) -2.1%

A disappointing housing starts report put a damper on the homebuilders late in the week. This marks only the third time in 2012 that XHB has trudged into negative territory. Any real estate-related negativity has been across REITs, however. The iShares Cohen & Steers Realty Majors Index Fund ( ICF) and the iShares Dow Jones U.S. Real Estate Index Fund ( IYR) are off less than 0.20%.

United States Oil Fund ( USO) -1.8%

Oil futures are sliding, pushing the United States Oil Fund ( USO) back below its 50-day moving average. This is the second consecutive day of losses for this product.

Natural gas futures funds like the United States Natural Gas Fund ( UNG), on the other hand, are powering higher. If it can stay in the black, this will be the fund's first day of gains in two weeks.

Global X Uranium ETF ( URA) -1.2%

The uranium industry started off the week on strong note, helping URA lock in three solid days of upward action. The rally appears to be slowing, however, as the fund retests the highs seen late-October.

URA and the Guggenheim Solar ETF ( TAN) are two examples of 2011 laggards that have witnessed dramatic rebounds. While it may be tempting to dive into these fast-moving funds, I encourage conservative investors to stick to the sidelines here.

All prices as of 2:14 PM EST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned the iShares Dow Jones U.S. Real Estate Index Fund.