Here is the ETF Professor's ETF Watch List for Monday May 24, 2010. With Chinese stocks trading higher overnight, watch the iShares FTSE/Xinhua China 25 Index (NYSE:
FXI
) and the Claymore/AlphaShares China Small-Cap ETF (NYSE:
HAO
). Oil looked like it was firming a bit overnight, so keep an eye on the ProShares Ultra Oil & Gas ETF (NYSE:
DIG
) and its inverse cousin, the ProShares UltraShort Oil & Gas (NYSE:
DUG
). The Professor is a little leery of the bounce in materials names, so put the ProShares UltraShort Basic Materials ETF (NYSE:
SMN
) on your list. Along those same lines, the iShares S&P Global Materials ETF (NYSE:
MXI
) gained more than 3% on Friday. Small-caps started to firm up on Friday making the iShares Russell 2000 Index (NYSE:
IWM
). The iShares MSCI Sweden Index (NYSE:
EWD
) was up almost 5% on Friday. The SPDR Barclays Capital High Yield Bond ETF (NYSE:
JNK
) was up more than 3% on Friday. Check on strength in chip stocks with the Direxion Daily Semicondct Bull 3X Shares (NYSE: SOXL).
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