ETFs To Watch May 28, 2010 (VWO, FXA, MXI, DTO)

Here is the ETF Professor's ETF Watch List for Friday May 28, 2010.

Emerging markets enjoyed a day in the sun on Thursday, rising across the board, so keep an eye on the iShares MSCI Brazil Index (NYSE: EWZ), the iShares MSCI South Korea Index (NYSE: EWY) and the Vanguard Emerging Markets Stock ETF (NYSE: VWO).

Materials names got a lift on Thursday, making the iShares S&P Global Materials ETF (NYSE: MXI) and the Market Vectors Steel ETF (NYSE: SLX) worth watching on Friday.

Let's see if the oil rally is for real with the PowerShares DB Crude Oil Double Short ETN (NYSE: DTO).

If stocks continue to climb, bonds will be worth shorting, so keep an eye on the ProShares UltraShort 20+ Year Treasury ETF (NYSE: TBT).

Play financials with the Direxion Daily Financial Bull 3X Shares (NYSE: FAS).

The CurrencyShares Australian Dollar Trust (NYSE: FXA) is our currency play for Friday.