ETFs To Watch December 2, 2010 (TNA, URA, EWZ, ELD)

Here is the ETF Professor's ETF Watch List for Tuesday December 2, 2010. Let's see if this market rally is for real with the ProShares Ultra S&P500 SSO and the ProShares Ultra Dow30 DDM. The Global X Uranium ETF URA is looking a good trade these days. Leveraged plays for the day: Direxion Daily Small Cap Bull 3X Shares TNA and Direxion Daily Financial Bull 3X Shares FAS. With materials looking strong, play the SPDR S&P Metals & Mining XME. Emerging markets plays of the day: iShares MSCI Brazil Index Fund EWZ, Market Vectors Indonesia ETF IDX and the iShares MSCI Peru All Capped Index EPU. Forex play of the day: CurrencyShares Canadian Dollar Trust FXC. Bond play of the day: WisdomTree Emerging Markets Local Debt ETF ELD.