ETFs To Watch May 17, 2010 (FXP. EUM. MXI, DTO, BZQ)
Here is the ETF Professor's ETF Watch List for Monday May 17, 2010.
Chinese stocks continue to see bearish trade, so keep an eye on the ProShares UltraShort FTSE/Xinhua China ETF (NYSE: FXP).
If Chinese equities looks bad, the same can probably be said for Brazilian stocks, so watch the ProShares UltraShort MSCI Brazil ETF (NYSE: BZQ).
The Euro continues to look weak, so track the ProShares UltraShort Euro ETF (NYSE: EUO).
With oil prices continuing to look weak, keep an eye on the PowerShares DB Crude Oil Double Short ETN (NYSE: DTO).
The Market Vectors Coal ETF (NYSE: KOL) is starting to look like an appealing technical play.
The iShares MSCI Thailand Investable Market Index (NYSE: THD) should be worth watching again on political news out of that country.
The iShares S&P Global Materials ETF (NYSE: MXI) could see some positive trade on news that Australia is open to negotiations regarding its proposed 40% tax hike increase on mining firms.
With emerging markets continuing to look weak, keep an eye on the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: EDZ) and the ProShares Short MSCI Emerging Markets ETF (NYSE: EUM).
