ETFs To Watch July 1, 2011 (FXA, EPI, DIG, SMN)

By The ETF Professor
Benzinga Staff Writer
July 01, 2011 2:56 AM

Symbols: ASEA, BAL, BZQ, DIG, EPI, EWA, FXA, REMX, SMN, TBT

Posted in: Long Ideas, News, Sector ETFs, Broad U.S. Equity ETFs, Short Ideas, Specialty ETFs, New ETFs, Emerging Market ETFs, Currency ETFs, Pre-Market Outlook, Markets, Trading Ideas, ETFs

Here is the ETF Professor's ETF Watch List for Friday July 1, 2011.

With materials looking poised for a pullback, trade the ProShares UltraShort Basic Materials (NYSE: SMN), but also keep an eye on the Market Vectors Rare Earths/Strategic Metals ETF (NYSE: REMX) from the long side.

The ProShares Ultra Oil & Gas (NYSE: DIG) is looking strong.

The iPath DJ-UBS Cotton TR Sub-Index ETN (NYSE: BAL) has been in a tailspin lately.

The iShares MSCI Australia Index Fund (NYSE: EWA) looks like a strong country-specific play.

Emerging markets plays of the day: Global X FTSE ASEAN 40 ETF (NYSE: ASEA), ProShares UltraShort Brazil (NYSE: BZQ) and the WisdomTree India Earnings ETF (NYSE: EPI).

Forex play of the day: CurrencyShares Australian Dollar Trust (NYSE: FXA).

Bond play of the day: ProShares UltraShort 20+ Year Treasury (NYSE: TBT).

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ETFs To Watch July 1, 2011 (FXA, EPI, DIG, SMN)

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