ETFs To Watch July 7, 2010 (SRS, VXX, EDC, SSG)

Here is the ETF Professor's ETF Watch List for Wednesday July 7, 2010. The iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) was down more than 4% on Tuesday. The iShares MSCI Taiwan ETF (NYSE: EWT) was another 4% gainer on Tuesday. The Direxion Daily Emerging Markets Bull 3X Shares (NYSE: EDC) could be ripe for a pullback after a 6% jump on Tuesday. The UltraShort Real Estate ProShares (NYSE: SRS) continues to look like a solid trade or you could even deeper with the Direxion Daily Real Estate Bear 3X Shares (NYSE: DRV). Semiconductor names look like they've got some pain ahead of them, so track the UltraShort Semiconductor ProShares (NYSE: SSG). Small-caps still look weak, so trade the UltraShort Russell2000 ProShares (NYSE: TWM). The Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) is another one to put on your list if gold keeps pulling back.