ETFs To Watch November 25, 2009

Here is the ETF Professor's ETF Watchlist for Wednesday November 25, 2009.

Believe it or not, The ProShares UltraShort Gold ETF (NYSE: GLL) saw some interesting options trade on Tuesday, which the ETF Professor noted, that may indicate some investors are preparing for a drop in gold. Keep an eye on GLL on Wednesday.

The Semiconductor HOLDRs ETF (NYSE: SMH) saw some bearish options trade on Tuesday with the purchase of more than 10,000 December 23 puts.

The First Trust Natural Gas ETF (NYSE: FCG) is looking bullish on a technical basis. It could be a buy above $17. FCG holds equitites, not natural gas futures and that's a good thing.

Let's take a look at the Claymore/AlphaShares China Small Cap ETF (NYSE: HAO) as Wednesday's China play.

The Claymore/MAC Global Solar Energy ETF (NYSE: TAN)has moved below its 50-day moving average and the 200-day line could come into play with some more selling pressure on Wednesday.

Japan-specific ETFs are getting beaten down, so take a look at the iShares MSCI Japan Index Fund (NYSE: EWJ).

The Direxion Daily Real Estate Bear 3X Shares (NYSE: DRV) was up nearly 5% on Tuesday, making it worth watching on Wednesday.

Financials may be getting tired and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is up 2% in the past week. FAZ is always in play.