ETFs To Watch March 17, 2011 (CZI, EZJ, TMF, VNM)

Here is the ETF Professor's ETF Watch List for Thursday March 17, 2011.

FedEx (NYSE: FDX) earnings play: iShares Dow Jones Transportation Average (NYSE: IYT).

The Nasdaq looks to be in the worst shape of the major indexes, so trade the ProShares UltraShort QQQ (NYSE: QQQ).

For the ultra brave who are praying for a Japan rebound or for the eager bear, give the ProShares Ultra MSCI Japan (NYSE: EZJ) a look.

The PowerShares DB Agriculture (NYSE: DBA) did alright on Wednesday.

Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE: BZQ), Market Vectors Vietnam ETF (NYSE: VNM) and the Direxion Daily China Bear 3X Shares (NYSE: CZI).

Forex play of the day: CurrencyShares Japanese Yen Trust (NYSE: FXY).

Bond play of the day: Direxion Daily 20+ Yr Treasury Bull 3X Shares (NYSE: TMF).