ETFs To Watch May 4, 2011 (PHB, BZQ, REMX, EEV)

Here is the ETF Professor's ETF Watch List for Wednesday May 4, 2011. Two candidates for the unjustly punished club: Market Vectors Coal ETF (NYSE:

) and the Market Vectors Rare Earths/Strategic Metals ETF (NYSE:

). There was actually some good news for the Global X Uranium ETF (NYSE:

) on Tuesday, but the ETF was caught in the broader market downturn. Inverse plays of the day: Direxion Daily Small Cap Bear 3X Shares (NYSE:

) and the ProShares UltraShort Silver (NYSE:

). Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE:

), ProShares UltraShort MSCI Emerging Markets (NYSE:

) and the iShares MSCI Thailand Investable Market Index Fund (NYSE:

). Forex play of the day: CurrencyShares Swiss Franc Trust (NYSE:

). Bond play of the day: PowerShares Fundamental High Yield Corporate Bond ETF (NYSE: