ETFs to Watch June 5, 2012 (EWP, XOP, EUO)

Here is the ETF Professor's ETF Watch List for Tuesday June 5, 2012. The Industrial Select Sector SPDR XLI looks like it's in technical danger. Be careful of the iShares MSCI Spain Index Fund EWP and the iShares MSCI Japan Index Fund EWJ from the long side. The SPDR S&P Oil & Gas Exploration & Production XOP continues to meander lower. Emerging markets plays of the day: Market Vectors Russia ETF RSX, iShares MSCI South Korea Index Fund EWY and the Guggenheim China Small-Cap ETF HAO. Forex play of the day: ProShares UltraShort Euro EUO. Bond play of the day: Market Vectors Fallen Angel High Yield Bond ETF ANGL.