ETFs To Watch May 6, 2011 (AGQ, HYD, XLV, EWT)

Here is the ETF Professor's ETF Watch List for Friday May 6, 2011. ProShares Ultra Silver AGQ: One look at the chart explains why. Oil rebound plays: SPDR S&P Oil & Gas Exploration & Production XOP and the United States Brent Oil Fund BNO. Defense plays: Health Care Select Sector SPDR XLV and the PowerShares Financial Preferred ETF PGF. Emerging markets plays of the day: Direxion Daily Latin America Bear 3X Shares LHB, Global X FTSE ASEAN 40 ETF ASEA and the iShares MSCI Taiwan Index Fund EWT. Forex play of the day: PowerShares DB US Dollar Index Bullish UUP. Bond play of the day: Market Vectors High-Yield Muni ETF HYD.