Dion's Tuesday ETF Winners and Losers

NEW YORK (TheStreet) -- Here are today's ETF Winners and Losers.

Winners

iPath S&P 500 VIX Short Term Futures ETN (VXX) 3.%

As major U.S. stock market indices slide into the close, fear-tracking instruments like VXX are witnessing some notable gains. While VXX and the iPath S&P 500 VIX Midterm Futures ETN (VXZ) have seen mixed performances over the past few sessions, the VIX benchmark has actually enjoyed a four day string of positive action.

iShares MSCI South Korea Index Fund (EWY) 0.7%

The South Korea ETF is pushing higher, locking in a third day of strength. This recent push higher has helped the fund push to new 2012 highs. The iShares MSCI Thailand Investable Market Index Fund (THD) is another notable ETF winner.

Not all corners of Asia are witnessing strength, though. The iShares MSCI Taiwan Index Fund (EWT) is off over 2%.

Losers

iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) -5.4%

The GAZ is scoring a top spot on the losers list following yesterday's strength. The United States Natural Gas Fund (UNG), meanwhile, is seeing some positive action, gaining around 1%. GAZ's divergence can be attributed to its premium which currently stands at over 85%.

Market Vectors Junior Gold Miners ETF (GDXJ) -3.6%

Gold miners are stumbling as the markets witness shaky action. The physically-backed iShares Gold Trust (IAU) is also seeing a drop. Other corners of the precious metal spectrum are taking hits as well. The iShares Silver Trust (SLV), for example, is down around 1%.

Market Vectors Solar Energy ETF (KWT) -3.5%

A multi-month downturn has caused KWT to give back all of the gains it witnessed during the opening weeks of 2012. At this time, the fund is trading at levels seen in late December.

Solar stocks are not the only alternative energy players heading lower. The Global X Uranium ETF (URA) is also taking a hit, tumbling to its lowest level since mid-January.

iShares MSCI Spain Index Fund (EWP) -3%

Spain enjoyed strength over the past two days. However, as we approach the middle of the trading week, the EWP has succumbed to selling pressure and is giving back much of these gains.

Europe continues to be a contentious region of the developed world. I encourage conservative investors to stay on the sidelines here.

All prices as of 2:02 PM DST
At the time of publication, Dion Money Management owned IAU.

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