ETFs To Watch May 19, 2010 (SEF, EEV, XLK, PSQ)

Here is the ETF Professor's ETF Watch List for Wednesday May 19, 2010. Play Hewlett-Packard (NYSE: HPQ) earnings with the Technology Select Sector SPDR (NYSE: XLK). Emerging markets are going to get hammered today, so keep an eye on the ProShares Short MSCI Emerging Markets (NYSE: EUM), the ProShares UltraShort MSCI Emerging Markets (NYSE: EEV) and the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: EDZ). The Euro's continued declines are good news for the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP). The Nasdaq looks ready to rollover, so track the ProShares Short QQQ (NYSE: PSQ). The same can be said for small-caps, so keep an eye on the ProShares UltraShort SmallCap600 ETF (NYSE: SDD). Wednesday could be an interesting day for the SPDR Barclays Capital High Yield Bond ETF (NYSE: JNK). Financials should see big declines on Wednesday, so put the ProShares Short Financials ETF (NYSE: SEF) on your list.