ETFs To Watch July 30, 2010 (HAO, PPH, YCS, PALL)

Here is the ETF Professor's ETF Watch List for Friday July 30, 2010.

Play earnings from Merck (NYSE: MRK) with the Pharmaceutical HOLDRs (AMEX: PPH).

Play earnings from Chevron (NYSE: CVX) with the Energy Select Sector SPDR (NYSE: XLE).

The Claymore/AlphaShares China Small Cap ETF (NYSE: HAO) has been one of the stronger emerging markets ETFs over the past week.

The ETFS Physical Palladium Shares (NYSE: PALL) was up almost 4% on Thursday.

The U.S. Natural Gas Fund (NYSE: UNG) was up almost 3% on Thursday.

With tech looking weak again, keep an eye on the UltraShort Semiconductor ProShares (NYSE: SSG).

Play oil with the Ultra DJ-UBS Crude Oil ProShares (NYSE: UCO).

Make the UltraShort Yen ProShares (NYSE: YCS) your currency play for the day.