ETFs To Watch July 28, 2010 (PPA, EUO, ZSL, MXI)

Here is the ETF Professor's ETF Watch List for Wednesday July 28, 2010. Play earnings from Aetna (NYSE: AET) with the Health Care Select Sector SPDR (NYSE: XLV). Play earnings from Boeing (NYSE: BA) and General Dynamics (NYSE: GD) with the PowerShares Aerospace & Defense (NYSE: PPA). Several large utilities report before the bell so keep an eye on the Utilities Select Sector SPDR (NYSE: XLU). Play earnings from Arcelor Mittal (NYSE: MT) with the iShares S&P Global Materials (NYSE: MXI). Silver looks topped out, so trade the UltraShort Silver ProShares (NYSE: ZSL). Gold miners look weak, so keep an eye on the Market Vectors Gold Miners ETF (NYSE: GDX). If emerging markets pull back again, play that trend with the Direxion Daily Latin America Bear 3X Shares (NYSE: LHB). Track the Euro with the UltraShort Euro ProShares (NYSE: EUO). Watch for a pullback in oil with the PowerShares DB Crude Oil Double Short ETN (NYSE: DTO). To see more trading ideas, click here.