ETFs to Watch December 23, 2011

Here is the ETF Professor's ETF Watch List for Friday December 23, 2011. Look for one last bounce before Christmas with the Direxion Daily Large Cap Bull 3X Shares BGU. Prepare for a small-cap rally with the Direxion Daily Small Cap Bull 3X Shares TNA. The Energy Select Sector SPDR XLE has been enjoying a solid week. Emerging markets plays of the day: iShares MSCI Brazil Index Fund EWZ, PowerShares Golden Dragon Halter USX China ETF PGJ and the PowerShares India Portfolio PIN. Forex play of the day: PowerShares DB Dollar Bullish DB. Bond play of the day: PowerShares Fundamental High Yield Corporate Bond ETF PHB.