ETFs To Watch May 3, 2011 (XLU, EPI, ZSL, UDN)

Here is the ETF Professor's ETF Watch List for Tuesday May 3, 2011. No pun intended, but mining ETFs were drilled on Monday, so keep an eye on the Global X Silver Miners ETF (NYSE:

) and the Market Vectors Gold ETF (NYSE:

) as bounce-back plays on Tuesday. If you're a believer in silver's decline, try the ProShares UltraShort Silver (NYSE:

). Play some defense with the PowerShares Financial Preferred ETF (NYSE:

) and the Utilities Select Sector SPDR (NYSE:

). Emerging markets plays of the day: WisdomTree India Earnings ETF (NYSE:

), Direxion Daily China Bear 3X Shares (NYSE:

) and the Market Vectors Africa Index ETF (NYSE:

). Forex play of the day: PowerShares DB US Dollar Index Bearish (NYSE:

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

).