ETFs to Watch June 29, 2012 (EWI, EUO, SDY)

Here is the ETF Professor's ETF Watch List for Friday June 30, 2012. The iShares MSCI Italy Index Fund (NYSE: EWI) may see a soccer-induced bounce. The iShares Dow Jones US Telecom Index Fund (NYSE: IYZ) remains a viable defensive play. Keep an eye on the SPDR S&P Dividend ETF (NYSE: SDY). Emerging markets plays of the day: ProShares UltraShort MSCI Brazil (NYSE: BZQ), Market Vectors Egypt ETF (NYSE: EGPT) and the iShares MSCI South Korea Index Fund (NYSE: EWY). Forex play of the day: ProShares UltraShort Euro (NYSE: EUO). Bond play of the day: WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD).