ETFs To Watch May 7, 2010 (EDZ, REC, GLD, TLT)
Here is the ETF Professor's ETF Watch List for Friday May 7, 2010.
The Market Vectors Gold Miners ETF (NYSE: GDX) was one of the few long equity ETFs up on Thursday. Of course, the SPDR Gold Shares (NYSE: GLD) is still worth watchin as well.
With emerging markets looking so weak, why not go for a home run with the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: EDZ). The Short MSCI Emerging Markets ProShares ETF (NYSE: EUM) is also worth watching on this same theme.
The iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) is also worth watching in this environment.
The ETFS Physical Palladium Shares ETF (NYSE: PALL) was another gainer on Thursday, albeit a small gain.
The PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) is Friday's oil play.
With the Nasdaq looking imperiled, take a look at the UltraShort QQQ ProShares ETF (NYSE: QID).
The Rydex Inverse 2x S&P Select Sector Energy ETF (NYSE: REC) is worth looking given its light price tag.
