ETFs To Watch December 2, 2010 (TNA, URA, EWZ, ELD)

Here is the ETF Professor's ETF Watch List for Tuesday December 2, 2010.

Let's see if this market rally is for real with the ProShares Ultra S&P500 (NYSE: SSO) and the ProShares Ultra Dow30 (NYSE: DDM).

The Global X Uranium ETF (NYSE: URA) is looking a good trade these days.

Leveraged plays for the day: Direxion Daily Small Cap Bull 3X Shares (NYSE: TNA) and Direxion Daily Financial Bull 3X Shares (NYSE: FAS).

With materials looking strong, play the SPDR S&P Metals & Mining (NYSE: XME).

Emerging markets plays of the day: iShares MSCI Brazil Index Fund (NYSE: EWZ), Market Vectors Indonesia ETF (NYSE: IDX) and the iShares MSCI Peru All Capped Index (NYSE: EPU).

Forex play of the day: CurrencyShares Canadian Dollar Trust (NYSE: FXC).

Bond play of the day: WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD).

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