ETFs To Watch January 5, 2010 (MXI, EWZ, FAS, OIH)

Here is the ETF Professor's ETF Watchlist for Tuesday January 5, 2009.

With oil prices on the mend and looking like they might move higher, keep an eye on the Oil Services HOLDRs (AMEX: OIH) and the Energy Select Sector SPDR ETF (NYSE: XLE).

Keep an eye on the iShares MSCI Singapore Index (NYSE: EWS) after a couple of conflicting economic reports have brought the high-flying Asian country into near-term focus.

The iShares MSCI Brazil Index (NYSE: EWZ) is another emerging market ETF to watch as it makes its way to $80.

For a materials play, watch the iShares S&P Global Materials ETF (NYSE: MXI), which was up more than 3% on Monday.

Watch the UltraShort Oil & Gas ProShares ETF (NYSE: DUG) for a possible move higher in the near-term.

Copper made new highs on Monday, so keep an eye on the iPath DJ AIG Copper TR Sub-Index ETN (NYSE: JJC).

Let's see if financials build on Monday's momentum. Watch the Direxion Daily Financial Bull 3X Shares (NYSE: FAS).