ETFs To Watch February 24, 2010 (EEV, GDX, XLE, TZA)

Here is the ETF Professor's ETF Watch List for Wednesday February 24, 2010. The ProShares UltraShort Semiconductor ETF (NYSE: SSG) was up by 4% on Tuesday as tech traded down again. The UltraShort MSCI Emerging Markets ProShares ETF (NYSE: EEV) got a nice bounce on Tuesday, trading higher by nearly 5%. With oil looking weak, take a look at the UltraShort DJ-UBS Crude Oil ProShares ETF (NYSE: SCO) and the Energy Select Sector SPDR (NYSE: XLE). The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is the way to play a decline in financials. If you're looking for a short on precious metals, try the PowerShares DB Base Metals Dble Long ETN (NYSE: BDD). The Direxion Small Cap Bear 3x ETF (NYSE: TZA) could be a nice play on small cap weakness. The Market Vectors Gold Miners ETF (NYSE: GDX) is looking a little oversold after dropping by nearly 4% on Tuesday.