ETFs to Watch May 11, 2012 (QID, FXP, UUP)

Here is the ETF Professor's ETF Watch List for Friday May 11, 2012. The Market Vectors Coal ETF KOL continues to look weak. Index play of the day: ProShares UltraShort QQQ QID. Light volume play: Market Vectors Unconventional Oil & Gas ETF FRAK. Also consider the U.S. Natural Gas Fund UNG. Emerging markets plays of the day: Market Vectors Vietnam ETF VNM, ProShares UltraShort FTSE China 25 FXP and the iShares MSCI Malaysia Index Fund EWM. Forex play of the day: PowerShares DB Dollar Bullish UUP. Bond play of the day: WisdomTree Emerging Markets Local Debt ETF ELD.