Here is the ETF Professor's ETF Watch List for Wednesday August 24, 2011. Trade the PowerShares Dynamic Industrials (NYSE:
PRN
) if the Dow shows signs of follow through. Th iShares MSCI Japan Index Fund (NYSE:
EWJ
) will be in the spotlight after a ratings downgrade for Japan. Play the iShares Dow Jones US Oil Equipment Index Fund (NYSE:
IEZ
) and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:
XOP
) if oil matches Tuesday's gains. Emerging markets plays of the day: iShares MSCI Taiwan Index Fund (NYSE:
EWT
), Vanguard MSCI Emerging Markets ETF (NYSE:
VWO
) and the Direxion Daily Latin America 3X Bear Shares (NYSE: LHB). Forex play of the day: ProShares UltraShort Yen (NYSE:
YCS
). Bond play of the day: Vanguard Total Bond Market ETF (NYSE:
BND
).
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