ETFs To Watch February 2, 2010 (MOO, MXI, ERY, KRE)

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

For a play on earnings from Archer Daniels Midland (NYSE: ADM) try the Market Vectors Agribusiness ETF (NYSE: MOO).

Are emerging markets back? The iShares MSCI Brazil Index (NYSE: EWZ) was up 4.5% on Monday and the iShares MSCI Emerging Markets Index (NYSE: EEM) was up for the first time in nine days.

Materials names got a bounce so keep an eye on the iShares S&P Global Materials ETF (NYSE: MXI).

Let's see if the Nasdaq rally is for real with this tech play: The Direxion Daily Technology Bull 3X Shares (NYSE: TYH).

The SPDR KBW Regional Banking ETF (NYSE: KRE) continues to be a stout performer.

If energy pulls back again, try the Direxion Daily Energy Bear 3X Shares (NYSE: ERY).