ETFs To Watch March 17, 2011 (CZI, EZJ, TMF, VNM)

Here is the ETF Professor's ETF Watch List for Thursday March 17, 2011.

FedEx FDX earnings play: iShares Dow Jones Transportation Average IYT.

The Nasdaq looks to be in the worst shape of the major indexes, so trade the ProShares UltraShort QQQ QQQ.

For the ultra brave who are praying for a Japan rebound or for the eager bear, give the ProShares Ultra MSCI Japan EZJ a look.

The PowerShares DB Agriculture DBA did alright on Wednesday.

Emerging markets plays of the day: ProShares UltraShort Brazil BZQ, Market Vectors Vietnam ETF VNM and the Direxion Daily China Bear 3X Shares CZI.

Forex play of the day: CurrencyShares Japanese Yen Trust FXY.

Bond play of the day: Direxion Daily 20+ Yr Treasury Bull 3X Shares TMF.