ETFs To Watch June 3, 2010 (ERY, VXX, FBT, BGU)
Here is the ETF Professor's ETF Watch List for Thursday June 3, 2010.
Emerging markets looked great on Wednesday, but the Market Vectors Russia ETF (NYSE: RSX) was a true standout, gaining almost 5%.
With the one-day return of the bull, the iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) was down more than 4%.
The way to play continued strength in large-caps may just be the Direxion Daily Large Cap Bull 3X Shares (NYSE: BGU).
Biotech perked up on Wednesday, so keep an eye on the First Trust NYSE Arca Biotech Index (NYSE: FBT).
If emerging markets decide to pullback on Thursday, trade the ProShares UltraShort MSCI Emerging Markets ETF (NYSE: EEV).
Watch out for a pullback in financials with the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ).
Make the ProShares UltraShort Yen (NYSE: YCS) your currency play for the day.
The Direxion Daily Energy Bear 3X Shares (NYSE: ERY) will definitely be in play again.
