ETFs To Watch January 20, 2010 (RSX, TAO, KCE, XLV)

Here is the ETF Professor's ETF Watch List for Wednesday January 20, 2010.

On news of the Republican victory in the Massachusetts special election for an open Senate seat, watch the Health Care Select Sector SPDR ETF (NYSE: XLV). A leveraged alternative: The ProShares Ultra Health Care ETF (NYSE: RXL).

As a play on Morgan Stanley (NYSE: MS) and State Street's earnings, watch the SPDR KBW Capital Markets ETF (NYSE: KCE), which the Professor highlighted earlier.

The Market Vectors Steel ETF (NYSE: SLX) was a high-flier on Tuesday, so keep an eye on it on Wednesday.

The Market Vectors Russia ETF (NYSE: RSX) continued its bullish ways and is close to a new 52-week high.

For a leveraged play on the broader market, try the Ultra Russell2000 ProShares ETF (NYSE: UWM).

Small-caps were on fire on Tuesday, so watch the Direxion Daily Small Cap Bull 3X Shares (NYSE: TNA).

Here's an interesting play that was up more than 2% on Tuesday: The Claymore/AlphaShares China Real Estate ETF (NYSE: TAO).