ETFs To Watch January 18, 2010 (FXE, XLF, IYT, EDZ)

Here is the ETF Professor's ETF Watch List for Tuesday Januar 19, 2010.

Play the Bank of America-Merrill Lynch price target revision of platinum and palladium with the new ETFS Physical Platinum ETF (NYSE: PPLT) and the ETFS Physical Palladium ETF (NYSE: PALL).

Look for a short oppportunity with the CurrencyShares Euro Trust (NYSE: FXE) as the ETF nears an important Fibonacci level.

With Citigroup (NYSE: C) reporting earnings tomorrow and plenty of banks scheduled to deliver results for the rest of this week, watch the Financial Select Sector SPDR (NYSE: XLF) and the SPDR KBW Bank ETF (NYSE: KBE). If the earnings are bad, try the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ).

Railroad operator CSX (NYSE: CSX) reports earnings after the bell, so keep an eye on the iShares Dow Jones Transportation Average (NYSE: IYT) during the trading day.

Emerging markets were weak at the end of last week, so watch the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: EDZ).

Watch the oil and gas sectors with the iShares Dow Jones US Oil & Gas Exploration & Production Index (NYSE: IEO).