ETFs To Watch February 26, 2010 (TBT, SCO, EUO, GDX)
Here is the ETF Professor's ETF Watch List for Friday February 26, 2010.
Keep an eye on the iShares S&P Global Materials ETF (NYSE: MXI) which has formed a head and shoulders pattern.
The UltraShort Euro ProShares ETF (NYSE: EUO) remains the way to play the declining Euro.
The Market Vectors Gold Miners ETF (NYSE: GDX) was up nearly 3% on Thursday and the Market Vectors Coal ETF (NYSE: KOL) was also up as the broader market was down.
The iShares MSCI South Korea Index (NYSE: EWY) was one of the worst-performing international ETFs on Thursday.
With oil looking weak, keep an eye on the UltraShort DJ-UBS Crude Oil ProShares ETF (NYSE: SCO).
With no reason to be involved in bonds from the long side, watch the UltraShort 20+ Year Treasury ProShares ETF (NYSE: TBT).
