ETFs To Watch May 5, 2011 (DZZ, EWZ, FXY, SCO)

Here is the ETF Professor's ETF Watch List for Thursday May 5, 2011. The most obvious of choices: SPDR Gold Shares (NYSE: GLD), iShares Silver Trust (NYSE: SLV), ProShares UltraShort Silver (NYSE: ZSL) and the PowerShares DB Gold Double Short ETN (NYSE: DZZ). The Oil Services HOLDRs (AMEX: OIH) could be in major trouble if support at $150 doesn't hold. Solid inverse ideas: ProShares UltraShort S&P500 (NYSE: SDS) and the ProShares UltraShort DJ-UBS Crude Oil (NYSE: SCO). Emerging markets plays of the day: ProShares Ultra FTSE China 25 (NYSE: XPP), iShares MSCI Brazil Index Fund (NYSE: EWZ) and the Market Vectors Russia ETF (NYSE: RSX). Forex play of the day: CurrencyShares Japanese Yen Trust (NYSE: FXY). Bond play of the day: iShares Barclays 20+ Year Treasury Bond (NYSE: TLT).