ETFs To Watch May 26, 2011 (FXB, UCO, COLX, TAN)

Here is the ETF Professor's ETF Watch for Thursday May 26, 2011.

While most sector ETFs were up Wednesday, the Guggenheim Global Solar Energy ETF (NYSE: TAN) and the JPMorgan Alerian MLP Index ETN (NYSE: AMJ) both failed to impress.

Oil plays: Oil Services HOLDRs (AMEX: OIH) and the ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO).

The iPath DJ-UBS Sugar TR Sub-Index ETN (NYSE: SGG) had a decent day on Wednesday.

Emerging markets plays of the day: iShares MSCI South Korea Index Fund (NYSE: EWY), ProShares UltraShort MSCI Emerging Markets (NYSE: EEV) and the Market Vectors Colombia ETF (NYSE: COLX).

Forex play: CurrencyShares British Pound Sterling Trust (NYSE: FXB).

Bond play of the day: WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD).