ETFs to Watch February 17, 2012 (QID, EZA, FXB)

Here is the ETF Professor's ETF Watch List for Friday February 17, 2012.

Pick your poison: PowerShares QQQ (Nasdaq: QQQ) or ProShares UltraShort QQQ (NYSE: QID).

Since the day before President's Day is normally rough for stocks, try the ProShares UltraShort S&P 500 (NYSE: SDS).

Will the iPath DJ-UBS Cotton TR Sub-Index ETN (NYSE: BAL) ever return to lost glory?

Emerging markets plays of the day: iShares MSCI South Africa Index Fund (NYSE: EZA), Market Vectors Vietnam ETF (NYSE: VNM) and the EGShares India Small Cap ETF (NYSE: SCIN).

Forex play of the day: CurrencyShares British Pound Sterling Trust (NYSE: FXB).

Bond play of the day: iShares Barclays Aggregate Bond ETF (NYSE: AGG).