ETFs To Watch August 9, 2010 (EMB, FAZ, EWJ, DTO)

Here is the ETF Professor's ETF Watch List for Monday August 9, 2010. The Yen is looking to strong to ignore, so make the CurrencyShares Japanese Yen Trust (NYSE: FXY) your forex play for the day. If you're of the mind that stocks are looking a little topped-out, try the UltraShort S&P500 ProShares (NYSE: SDS). The Nasdaq looks like it rolled over on Friday, so try the UltraShort QQQ ProShares (NYSE: QID). Oil prices looked decent overnight, so give the Direxion Daily Energy Bull 3X Shares (NYSE: ERX) a try, but use the PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) as a back up. After a bearish outlook from Goldman Sachs (NYSE: GS) on Japan's economy, the iShares MSCI Japan Index Fund (NYSE: EWJ) will be worth watching. Make the iShares JPMorgan USD Emerging Markets Bond ETF (NYSE: EMB) your fixed income play for the day. If the market does pull back, you know financials will as well, so trade the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ). You Can't Afford Miss Out On These Money Making Trading Ideas