ETFs to Watch May 8, 2012 (XLU, EDZ, FXB)

Here is the ETF Professor's ETF Watch List for Tuesday May 8, 2012. Let's see if the Vanguard MSCI Europe ETF VGK has any follow through. The PowerShares DB Gold Double Short ETN DZZ will be worth a look. Defensive play: Utilities Select Sector SPDR XLU. Emerging markets plays of the day: Market Vectors Brazil Small-Cap ETF BRF, iShares MSCI Chile Investable Market Index Fund ECH and the Direxion Daily Emerging Markets Bear 3X Shares EDZ. Forex play of the day: CurrencyShares British Pound Sterling Trust FXB. Bond play of the day: PowerShares Emerging Markets Sovereign Debt ETF PCY.