ETFs to Watch July 3, 2012 (TNA, XLB, PCY)

Here is the ETF Professor's ETF Watch List for Tuesday July 3, 2012. The iShares Nasdaq Biotechnology ETF IBB continues to impress. Keep an eye on the Direxion Daily Small Cap Bull 3X Shares TNA. Give the Materials Select Sector SPDR XLB a look. Emerging markets plays of the day: iShares MSCI South Korea Index Fund EWY, Market Vectors Egypt ETF EGPT and the Market Vectors Africa Index ETF AFK. Forex play of the day: CurrencyShares British Pound Sterling Trust FXB. Bond play of the day: PowerShares Emerging Markets Sovereign Debt PCY.