ETFs To Watch February 22, 2011 (XLE, GLTR, MES, UUP)

Here is the ETF Professor's ETF Watch List for Tuesday February 22, 2011. Obviously, oil will be in play thanks to Libya, so trade the U.S. Oil Fund (NYSE: USO), the Oil Services HOLDRs (AMEX: OIH) and the Energy Select Sector SPDR (NYSE: XLE). With the Nasdaq looking a bit frothy, try the ProShares UltraShort QQQ (NYSE: QID). Libya is also stoking the metals markets, so have a look at the ETFS Physical PM Basket Shares (NYSE: GLTR). Emerging markets plays of the day: Market Vectors Gulf States Index ETF (NYSE: MES), Market Vectors Vietnam ETF (NYSE: VNM) and the iShares MSCI Peru All Capped Index Fund (NYSE: EPU). Forex play of the day: PowerShares DB US Dollar Index Bullish (NYSE: UUP). Bond play of the day: iShares S&P National AMT-Free Muni Bond ETF (NYSE: MUB).