ETFs To Watch August 5, 2010 (MXI, DUG, TAO, JJG)

Here is the ETF Professor's ETF Watch List for Thursday August 5, 2010. Play earnings from Rio Tinto

RTP

with the iShares S&P Global Materials ETF

MXI

. Play Walt Disney

DIS

with the Consumer Discret Select Sector SPDR

XLY

. Fertilizer and agriculture companies have been showing some strength lately, so keep an eye on the Market Vectors Agribusiness ETF

MOO

. With news of China doing some risk testing with property developers, trade the Claymore/AlphaShares China Real Estate ETF

TAO

. Here's a play on rising wheat prices: The iPath DJ-UBS Grains TR Sub-Index ETN

JJG

. If emerging markets ETFs are sluggish again, go with a leveraged play like the Direxion Daily Latin America Bull 3X Shares

LBJ

or the Direxion Daily China Bull 3X Shares

CZM

. With oil prices looking strong, try the UltraShort Oil & Gas ProShares

DUG

. Go back to the CurrencyShares British Pound Sterling Trust

FXB

as a currency play.