ETFs To Watch December 21, 2009 (FXI, KRE, ROM, EWZ)

Here is the ETF Professor's ETF Watch List for Monday December 21, 2009.

Both the iShares MSCI Brazil Index (NYSE: EWZ) and the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) have moved below important averages and have weak looking charts.

An inverse play on emerging markets that may be worth watching over the near-term is the UltraShort MSCI Emerging Markets ProShares ETF (NYSE: EEV).

Watch the iShares S&P Global Materials (NSYE: MXI) as a play on mining stocks on Monday.

Try the Ultra Technology ProShares (NYSE: ROM) for leveraged play on tech.

The Claymore/Delta Global Shipping ETF (NYSE: SEA) got some bullish chatter last week.

The SPDR KBW Regional Banking ETF (NYSE: KRE) was the top gainer among financial ETFs on Friday, so keep an eye on it on Monday.

For an energy play, watch the PowerShares Dynamic Oil & Gas Services ETF (NYSE: PXJ).

For a gold play, watch the Ultra Gold ProShares (NYSE: UGL), a 2x leveraged play on gold bullion for London delivery.