ETFs To Watch August 27, 2010 (EWU, BZQ, TBT, XLY)

Here is the ETF Profesor's ETF Watch List for Friday August 27, 2010. The Nasdaq continues to look ugly, so put the ProShares UltraShort QQQ (NYSE: QID) on your list. Make the SPDR Gold Shares (NYSE: GLD) and the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) your GDP plays. Speaking of GDP, the U.K. revised its GDP up, so keep an eye on the iShares MSCI United Kingdom Index Fund (NYSE: EWU). Latin America is looking kind of weak, so play that trend with the ProShares UltraShort MSCI Brazil (NYSE: BZQ) and the Direxion Daily Latin America Bear 3X Shares (NYSE: LHB). The Global X Silver Miners ETF (NYSE: SIL) continues to enjoy a solid week. Make the ProShares UltraShort 20+ Year Treasury ETF (NYSE: TBT) your fixed income play for the day. Play Tiffany (NYSE: TIF) earnings with the Consumer Discretionary Select Sector SPDR (NYSE: XLY).