ETFs to Watch December 20, 2011 - ProShares UltraShort MSCI Brazil Capped (ARCA:BZQ)

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Here is the ETF Professor's ETF Watch List for Tuesday December 20, 2011.Earnings play: Global X Food ETF (NYSE: EATX).The ProShares UltraShort S&P500 (NYSE: SDS) looks like a winner.The Market Vectors Steel ETF (NYSE: SLX) is looking weaker by the day.Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE: BZQ), Vanguard MSCI Emerging Markets ETF (NYSE: VWO) and the iShares MSCI South Korea Index Fund (NYSE: EWY).Forex play: ProShares UltraShort Euro (NYSE: EUO).Bond play of the day: SPDR Barclays Capital High Yield Bond ETF (NYSE: JNK).

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