ETFs To Watch July 21, 2010 (XLB, EWA, UCO, MTK)

Here is the ETF Professor's ETF Watch List for Wednesday July 21, 2010.

Play Apple's (Nasdaq: AAPL) earnings with the PowerShares QQQ (Nasdaq: QQQQ) and the SPDR Morgan Stanley Technology ETF (NYSE: MTK).

Play earnings from Morgan Stanley (NYSE: MS) and Wells Fargo (NYSE: WFC) with the Financial Select Sector SPDR (NYSE: XLF) and the iShares Dow Jones US Financial Sector ETF (NYSE: IYF).

If those numbers disappoint, try the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ).

For Freeport McMoRan's (NYSE: FCX), trade the Materials Select Sector SPDR (NYSE: XLB).

The iShares MSCI Australia Index Fund (NYSE: EWA) was up more than 3% on Tuesday.

The Market Vectors Coal ETF (NYSE: KOL) was up more than 4% on Tuesday.

Let's see if oil can continue to move higher with the Ultra DJ-UBS Crude Oil ProShares (NYSE: UCO).

Make the CurrencyShares Euro Trust (NYSE: FXE) your forex play for the day.