ETFs to Watch May 17, 2012 (UUP, EWP, FXP) - Direxion Daily Gold Miners Index Bear 2X Shares (ARCA:DUST), iShares Inc iShares MSCI Spain ETF (ARCA:EWP)

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Here is the ETF Professor's ETF Watch List for Thursday May 17, 2012.The Utilities Select Sector SPDR (NYSE: XLU) might just be the best sector fund out there right now.The Direxion Daily Gold Miners Bear Shares (NYSE: DUST) is another must-watch fund at the moment.The U.S. Natural Gas Fund (NYSE: UNG) continues to impress. The iShares MSCI Spain Index Fund (NYSE: EWP) continues to depress.Emerging markets plays of the day: Market Vectors Vietnam ETF (NYSE: VNM), Market Vectors Russia ETF (NYSE: RSX) and the ProShares UltraShort FTSE China 25 (NYSE: FXP).Forex play of the day: PowerShares DB Dollar Bullish ETF (NYSE: UUP).Bond play of the day: PowerShares Emerging Markets Sovereign Debt ETF (NYSE: PCY).

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