ETFs to Watch July 5, 2013 (GLL, HYD, SDS)

Here is the ETF Professor's ETF Watch List for Friday, July 5, 2013. Keep an eye on the WisdomTree Europe Hedged Equity Fund (NYSE: HEDJ). Check in with the WisdomTree Japan Hedged Equity Fund (NYSE: DXJ). Index play of the day: ProShares UltraShort S&P500 (NYSE: SDS). The ProShares UltraShort Gold (NYSE: GLL) could be ready to snap back. Emerging markets plays of the day: iShares MSCI Taiwan Index Fund (NYSE: EWT), WisdomTree India Earnings ETF (NYSE: PIE) and the PowerShares DWA Emerging Markets Technical Leaders ETF (NYSE: PIE). Forex play of the day: CurrencyShares British Pound Trust (NYSE: FXB). Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE: HYD).