ETFs To Watch May 11, 2011 (EDC, TZA, SDY, EWW)

Here is the ETF Professor's ETF Watch List for Wednesday May 11, 2011.

If the market continues this slow grind higher, try the Direxion Daily Small Cap Bull 3X Shares (NYSE: TZA) to jolt your near-term returns.

Get some dividends with the SPDR S&P Dividend ETF (NYSE: SDY).

Commodities plays: iPath DJ-UBS Grains TR Sub-Index ETN (NYSE: JJG) and the U.S. Natural Gas Fund (NYSE: UNG).

Emerging markets plays of the day: Direxion Daily Emerging Markets Bull 3X Shares (NYSE: EDC), iShares MSCI Mexico Investable Market Index Fund (NYSE: EWW) and the Market Vectors Indonesia ETF (NYSE: IDX).

Forex play of the day: CurrencyShares Australian Dollar Trust (NYSE: FXA).

Bond play of the day: ProShares UltraShort 20+ Year Treasury (NYSE: TBT).