ETFs To Watch May 23, 2011 (MUB, SKF, CZI, UUP)

Here is the ETF Professor's ETF Watch List for Monday May 23, 2011. The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) was one few of the long sector ETFs in the green on Friday. On a related note, try the SPDR Gold Shares (NYSE: GLD) as well. If the Nasdaq drops below 2,800, trade the ProShares UltraShort QQQ (NYSE: QID). Leveraged bear plays of the day: Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA) and the ProShares UltraShort Financials (NYSE: SKF). Emerging markets plays of the day: Market Vectors Vietnam ETF (NYSE: VNM), ProShares UltraShort Brazil (NYSE: BZQ) and Direxion Daily China Bear 3X Shares (NYSE: CZI). Forex play of the day: PowerShares DB US Dollar Index Bullish (NYSE: UUP). Bond play of the day: iShares S&P National AMT-Free Muni Bond ETF (NYSE: MUB).