Here is the ETF Professor's ETF Watch for Monday July 30, 2012. Keep an eye on the iShares Dow Jones US Telecom Fund (NYSE:
IYZ
) and the iShares Nasdaq Biotechnology Index Fund (NASDAQ:
IBB
). The Direxion Daily Financial Bear 3X Shares (NYSE:
FAZ
) might tell us if this rally is waning. The WisdomTree Equity Income Fund (NYSE:
DHS
) is also worth a look. Emerging markets plays of the day: iShares MSCI Brazil Index Fund (NYSE:
EWZ
), Market Vectors Vietnam ETF (NYSE:
VNM
) and the WisdomTree India Earnings ETF (NYSE:
EPI
). Forex play of the day: ProShares UltraShort Yen (NYSE:
YCS
). Bond play of the day: SPDR Barclays Capital High Yield Bond ETF (NYSE:
JNK
).
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