ETFs to Watch August 22, 2012 (BZQ, FAZ, HYD)

Here is the ETF Professor's ETF Watch List for Wednesday August 22, 2012. Keep an eye on the Direxion Daily Financial Bear 3X Shares FAZ. Index play of the day: ProShares UltraShort S&P500 IAU. The iShares Gold Trust IAU is looking good. Emerging markets plays of the day: ProShares UltraShort Brazil BZQ, Market Vectors Vietnam ETF VNM and the iShares MSCI South Africa Index Fund EZA. Forex play of the day: PowerShares DB Dollar Bearish UDN. Bond play of the day: Market Vectors High-Yield Muni ETF HYD.