ETFs To Watch May 18, 2010 (RZV, CZI, SCO, UUP)

Here is the ETF Professor's ETF Watch List for Tuesday May 18, 2010. The ETFS Physical Palladium Shares ETF (NYSE: PALL) is getting whacked. The ETF was down another 4% on Monday. If you think gold is ready for a pullback, checkout the PowerShares DB Gold Double Short ETN (NYSE: DZZ). Small-caps continue to show suspicious strength, so keep an eye on the Rydex S&P SmallCap 600 Pure Value ETF (NYSE: RZV). Oil = weak, so watch the ProShares UltraShort DJ-UBS Crude Oil (NYSE: SCO). Silver may join gold in pullback mode, so keep an eye on the ProShares UltraShort Silver ETF (NYSE: ZSL). With China in bear market territory, the Direxion Daily China Bear 3X Shares (NYSE: CZI) is worth a look. Here's an interesting fixed income play: The PowerShares High Yield Corporate Bond (NYSE: PHB). The PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) remains the currency ETF to watch.