ETFs To Watch May 5, 2011 (DZZ, EWZ, FXY, SCO)

Here is the ETF Professor's ETF Watch List for Thursday May 5, 2011. The most obvious of choices: SPDR Gold Shares GLD, iShares Silver Trust SLV, ProShares UltraShort Silver ZSL and the PowerShares DB Gold Double Short ETN DZZ. The Oil Services HOLDRs OIH could be in major trouble if support at $150 doesn't hold. Solid inverse ideas: ProShares UltraShort S&P500 SDS and the ProShares UltraShort DJ-UBS Crude Oil SCO. Emerging markets plays of the day: ProShares Ultra FTSE China 25 XPP, iShares MSCI Brazil Index Fund EWZ and the Market Vectors Russia ETF RSX. Forex play of the day: CurrencyShares Japanese Yen Trust FXY. Bond play of the day: iShares Barclays 20+ Year Treasury Bond TLT.