ETFs to Watch February 16, 2012

Here is the ETF Professor's ETF Watch List for Thursday February 16, 2012. If Apple AAPL remains under pressure, trade the ProShares UltraShort QQQ QID. The Direxion Daily Small Cap Bear 3X Shares TZA remains an alluring pullback trade. The SPDR S&P Oil & Gas Exploration & Production ETF XOP has a surprisingly strong chart. Emerging markets plays of the day: Market Vectors Brazil ETF BRF, Direxion Daily Emerging Markets Bear 3X Shares EDZ and the Guggenheim China Small Cap ETF HAO. Forex play of the day: ProShares UltraShort Yen YCS. Bond play of the day: PowerShares Emerging Markets Sovereign Debt ETF PCY.