ETFs to Watch July 19, 2012 (ECH, HYD, IEZ)

Here is the ETF Professor's ETF Watch List for Thursday July 19, 2012. The iShares MSCI Israel Capped Investable Market Index Fund (NYSE:

) will be one to watch. The iShares Dow Jones US Oil Equipment Index Fund (NYSE:

) is starting to perk up. The Guggenheim Airline ETF (NYSE:

) looks poised to come in a bit. Emerging markets plays of the day: iShares MSCI Philippines Investable Market Index Fund (NYSE:

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

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

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

). Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE: