ETFs To Watch January 26, 2011 (SCO, IDX, GAF, ELD)

Here is the ETF Professor's ETF Watch List for Wednesday January 26, 2011. With REITs pulling back a little bit, try the Direxion Daily Real Estate Bull 3X Shares (NYSE: DRN). With silver looking weak, short or avoid the Global X Silver Miners ETF (NYSE: SIL), but embrace the ProShares UltraShort Silver ETF (NYSE: ZSL). Give the ProShares UltraShort DJ-UBS Crude Oil (NYSE: SCO) a shot on the back of weak oil prices. Emerging markets plays of the day: Market Vectors Indonesia ETF (NYSE: IDX), SPDR S&P Emerging Middle East & Africa ETF (NYSE: GAF) and the Direxion Daily Latin America Bear 3X Shares (NYSE: LHB). Forex play of the day: PowerShares DB US Dollar Index Bearish (NYSE: UDN). Bond play of the day: WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD).