ETFs To Watch May 6, 2010 (DRR, IDX, RRZ, ERY)

Here is the ETF Professor's ETF Watch List for Thursday May 6, 2010.

The UltraShort Silver ProShares ETF (NYSE: ZSL) was a big move on Wednesday gaining more than 5%.

With emerging markets looking weak, stay away from the Market Vectors Russia ETF (NYSE: RSX) and the Market Vectors Indonesia ETF (NYSE: IDX), both of which got thrashed on Wednesday.

The Rydex Inverse 2x Russell 2000 (NYSE: RRZ) could be a nice way to play the bearish move in small-caps.

Embrace China...from the bearish side with the UltraShort FTSE/Xinhua China25 Proshares ETF (NYSE: FXP).

The Direxion Daily Energy Bear 3X Shares (NYSE: ERY) might be the way to play energy.

Double on the short side of the Euro with the Market Vectors Double Short Euro ETN (NYSE: DRR).