ETFs To Watch May 24, 2010 (SMN, SOXL, HAO, EWD)

Here is the ETF Professor's ETF Watch List for Monday May 24, 2010. With Chinese stocks trading higher overnight, watch the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) and the Claymore/AlphaShares China Small-Cap ETF (NYSE: HAO). Oil looked like it was firming a bit overnight, so keep an eye on the ProShares Ultra Oil & Gas ETF (NYSE: DIG) and its inverse cousin, the ProShares UltraShort Oil & Gas (NYSE: DUG). The Professor is a little leery of the bounce in materials names, so put the ProShares UltraShort Basic Materials ETF (NYSE: SMN) on your list. Along those same lines, the iShares S&P Global Materials ETF (NYSE: MXI) gained more than 3% on Friday. Small-caps started to firm up on Friday making the iShares Russell 2000 Index (NYSE: IWM). The iShares MSCI Sweden Index (NYSE: EWD) was up almost 5% on Friday. The SPDR Barclays Capital High Yield Bond ETF (NYSE: JNK) was up more than 3% on Friday. Check on strength in chip stocks with the Direxion Daily Semicondct Bull 3X Shares (NYSE: SOXL).