ETFs To Watch June 22, 2011 (BONO, KOL, TNA, UDN)

Here is the ETF Professor's ETF Watch List for Wednesday June 22, 2011. The Market Vectors Coal ETF (NYSE:

) and the Market Vectors Junior Gold Miners ETF (NYSE:

) caught nice bounces on Tuesday, but the ProShares UltraShort Basic Materials (NYSE:

) is the one to watch for a materials pullback. Trade the PowerShares Dynamic Industrials (NYSE:

) if the Dow continues to rally. Small-caps aren't to be trusted quite yet, but give the Direxion Daily Small Cap Bull 3X Shares (NYSE:

) a look. Emerging markets plays of the day: iShares MSCI Emerging Markets ETF (NYSE:

), Market Vectors Vietnam ETF (NYSE:

) and the WisdomTree India Earnings ETF (NYSE:

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

). Bond play of the day: Market Vectors LatAm Aggregate Bond ETF (NYSE: