ETFs To Watch February 22, 2011 (XLE, GLTR, MES, UUP)

Here is the ETF Professor's ETF Watch List for Tuesday February 22, 2011. Obviously, oil will be in play thanks to Libya, so trade the U.S. Oil Fund USO, the Oil Services HOLDRs OIH and the Energy Select Sector SPDR XLE. With the Nasdaq looking a bit frothy, try the ProShares UltraShort QQQ QID. Libya is also stoking the metals markets, so have a look at the ETFS Physical PM Basket Shares GLTR. Emerging markets plays of the day: Market Vectors Gulf States Index ETF MES, Market Vectors Vietnam ETF VNM and the iShares MSCI Peru All Capped Index Fund EPU. Forex play of the day: PowerShares DB US Dollar Index Bullish UUP. Bond play of the day: iShares S&P National AMT-Free Muni Bond ETF MUB.