It can be hard to let go of a little mover and shaker you’ve always had that soft spot for, but if you want to protect your money, you have to. It’s like your parents always said when they were grounding you every other week: "This hurts me more than it hurts you." But sometimes it has to be done for everyone’s good.

There are no guarantees that when you let a fund go, it’s not going to turn around and deliver the numbers again. But that doesn’t mean it won’t, either. It’s exactly why you have to remain as stoic as possible and stick to the plan and rationalize nothing.

There are a number of ETFs sitting well above their trend lines. Take a look at them, keep an eye on them and if they fit into your overall portfolio and are moving in an overall upward direction, they could be well worth considering:

  • iShares MSCI Taiwan Index (EWT), 6.2% above
  • Claymore/BNY BRIC (EEB), 5.9% above
  • iShares S&P Latin America 40 Index (ILF), 10.1% above
  • iShares MSCI Brazil Index (EWZ), 13.7% above
  • Market Vectors Russia (RSX), 8.1% above
  • iShares S&P GSSI Natural Resources (IGE), 6.8% above
  • PowerShares DB Commodity Index Tracking Fund (DBC), 27.7% above
  • iShares S&P GSCI Commodity-Indexed Trust (GSG), 23.9% above
  • United States Oil Fund (USO), 28.3% above
  • iShares Dow Jones US Oil & Gas Exploration Index (IEO), 14.4% above
  • Energy Select Sector SPDR (XLE), 6.7% above
  • iShares Dow Jones US Energy (IYE), 6% above
  • Market Vectors Steel (SLX), 14.4% above
  • iShares COMEX Gold Trust (IAU), 21.2% above
  • streetTRACKS Gold Shares (GLD), 21.1% above
  • Market Vectors Gold Miners (GDX), 16.5% above
  • iShares Silver Trust (SLV), 30.3% above
  • SPDR S&P Metals & Mining (XME), 11.5% above
  • PowerShares DB Base Metals (DBB), 8.5% above
  • PowerShares DB Agriculture (DBA), 30.8% above
  • Market Vectors Global Agribusiness (MOO), 11.4% above
  • CurrencyShares Euro Trust (FXE), 6.9% above
  • CurrencyShares Swiss Franc Trust (FXF), 10.2% above
  • CurrencyShares Japanese Yen Trust (FXY), 8.5% above

For full disclosure, some of Tom Lydon’s clients own shares of EWT, IEO, DBB and DBA.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.