ETFs to Watch November 7, 2011

Here is the ETF Professor's ETF Watch List for Monday November 7, 2011. The iShares Dow Jones Transportation Average (NYSE:

) is an ideal sector play for this week. Austerity plays: iShares MSCI Italy Index Fund (NYSE:

) and the iShares MSCI France Index Fund (NYSE:

). Financials continue to look problematic, so trade the ProShares UltraShort Financials (NYSE:

). Emerging markets plays of the day: Global X FTSE Argentina 20 ETF (NYSE:

), Market Vectors Brazil Small-Cap ETF (NYSE:

) and the Direxion Daily Russia Bull 3X Shares (NYSE:

). Forex play of the day: ProShares UltraShort Euro (NYSE:

). Bond play of the day: ProShares UltraShort 20+ Year Treasury (NYSE: