ETFs To Watch May 12, 2010 (EPV, FXB, PALL, SLV)

Here is the ETF Professor's ETF Watch List for Wednesday May 12, 2010.

With the European bailout package rally looking tired, take a look at the ProShares UltraShort MSCI Europe ETF (NYSE: EPV).

China is doing everything it can to make life tough for investors in Chinese stocks, making the ProShares UltraShort FTSE/Xinhua China ETF (NYSE: FXP) worth watching.

The iShares Silver Trust (NYSE: SLV) was up nearly 5% on Tuesday.

If emerging markets are weak, try a leveraged play in the Direxion Daily Emerging Markets 3x Shares (NYSE: EDZ).

The Market Vectors Gold Miners ETF (NYSE: GDX) surged on Wednesday, gaining almost 7%. Its junior cousin, the Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) was also up almost 7%.

With materials looking weaking, short or shy away from the Market Vectors Coal ETF (NYSE: KOL).

The ETFS Physical Palladium Shares (NYSE: PALL) is starting to perk up again.

With a new prime minister in the U.K., keep an eye on the CurrencyShares British Pound Sterling Trust (NYSE: FXB).