ETFs To Watch June 2, 2011 (BZQ, GLD, DUG, SRTY)

Here is the ETF Professor's ETF Watch List for Thursday June 2, 2011. The SPDR Gold Shares GLD held up pretty well on Wednesday. On the other hand, nothing involved with oil stocks did. Trade the ProShares UltraShort Oil & Gas DUG and the PowerShares DB Crude Oil Double Short ETN DTO. If you have to be long a sector fund, try the Health Care Select Sector SPDR XLV for a less bad way to get through the week. With small-caps looking poised for more pain, try the ProShares UltraPro Short Russell2000 SRTY. Emerging markets plays of the day: ProShares UltraShort Brazil BZQ, Direxion Daily China Bear 3X Shares CZI and the Market Vectors Russia ETF RSX. Forex play of the day: ProShares UltraShort Euro EUO. Bond play of the day: Direxion Daily 20+ Yr Treasury Bull 3X Shares TMF.