ETFs to Watch August 1, 2012 (ELD, IYZ, VUG)

Here is the ETF Professor's ETF Watch List for Wednesday August 1, 2012: The Global X Social Media Index ETF SOCL is in big trouble. The iShares Dow Jones US Telecom Index Fund IYZ still looks decent. The Vanguard Growth ETF VUG looks somewhat appealing. Emerging markets plays of the day: WisdomTree India Earnings ETF EPI, ProShares UltraShort MSCI Emerging Markets EEV and the Market Vectors Russia ETF RSX. Forex play of the day: PowerShares DB Dollar Bullish UUP. Bond play of the day: WisdomTree Emerging Markets Local Debt ETF ELD.