ETFs To Watch August 24, 2011

Here is the ETF Professor's ETF Watch List for Wednesday August 24, 2011. Trade the PowerShares Dynamic Industrials PRN if the Dow shows signs of follow through. Th iShares MSCI Japan Index Fund EWJ will be in the spotlight after a ratings downgrade for Japan. Play the iShares Dow Jones US Oil Equipment Index Fund IEZ and the SPDR S&P Oil & Gas Exploration & Production ETF XOP if oil matches Tuesday's gains. Emerging markets plays of the day: iShares MSCI Taiwan Index Fund EWT, Vanguard MSCI Emerging Markets ETF VWO and the Direxion Daily Latin America 3X Bear Shares LHB. Forex play of the day: ProShares UltraShort Yen YCS. Bond play of the day: Vanguard Total Bond Market ETF BND.