ETFs to Watch July 30, 2012 (FAZ, JNK, YCS)

Here is the ETF Professor's ETF Watch for Monday July 30, 2012. Keep an eye on the iShares Dow Jones US Telecom Fund IYZ and the iShares Nasdaq Biotechnology Index Fund IBB. The Direxion Daily Financial Bear 3X Shares FAZ might tell us if this rally is waning. The WisdomTree Equity Income Fund DHS is also worth a look. Emerging markets plays of the day: iShares MSCI Brazil Index Fund EWZ, Market Vectors Vietnam ETF VNM and the WisdomTree India Earnings ETF EPI. Forex play of the day: ProShares UltraShort Yen YCS. Bond play of the day: SPDR Barclays Capital High Yield Bond ETF JNK.