ETFs To Watch June 22, 2011 (BONO, KOL, TNA, UDN)

Here is the ETF Professor's ETF Watch List for Wednesday June 22, 2011. The Market Vectors Coal ETF KOL and the Market Vectors Junior Gold Miners ETF GDXJ caught nice bounces on Tuesday, but the ProShares UltraShort Basic Materials SMN is the one to watch for a materials pullback. Trade the PowerShares Dynamic Industrials PRN if the Dow continues to rally. Small-caps aren't to be trusted quite yet, but give the Direxion Daily Small Cap Bull 3X Shares TNA a look. Emerging markets plays of the day: iShares MSCI Emerging Markets ETF EEM, Market Vectors Vietnam ETF VNM and the WisdomTree India Earnings ETF EPI. Forex play of the day: PowerShares DB US Dollar Index Bearish UDN. Bond play of the day: Market Vectors LatAm Aggregate Bond ETF BONO.