ETFs to Watch February 1, 2012

Here is the ETF Professor's ETF Watch List For Wednesday Feb. 1, 2012. Hot plays: Global X Social Media ETF SOCL and the Market Vectors Junior Gold Miners ETF GDXJ. Keep an eye on the iShares Dow Jones US Oil Equipment Index Fund IEZ. The U.S. Natural Gas Fund UNG remains a good short. Emerging markets plays of the day: iPath MSCI India Index ETN INP, Direxion Daily Russia Bear 3X Shares RUSS and the Global X China Industrials ETF CHII. Forex play of the day: PowerShares DB Dollar Bullish UUP. Bond play of the day: WisdomTree Asia Local Debt ETF ALD.