ETFs To Watch May 18, 2010 (RZV, CZI, SCO, UUP)

Here is the ETF Professor's ETF Watch List for Tuesday May 18, 2010. The ETFS Physical Palladium Shares ETF PALL is getting whacked. The ETF was down another 4% on Monday. If you think gold is ready for a pullback, checkout the PowerShares DB Gold Double Short ETN DZZ. Small-caps continue to show suspicious strength, so keep an eye on the Rydex S&P SmallCap 600 Pure Value ETF RZV. Oil = weak, so watch the ProShares UltraShort DJ-UBS Crude Oil SCO. Silver may join gold in pullback mode, so keep an eye on the ProShares UltraShort Silver ETF ZSL. With China in bear market territory, the Direxion Daily China Bear 3X Shares CZI is worth a look. Here's an interesting fixed income play: The PowerShares High Yield Corporate Bond PHB. The PowerShares DB US Dollar Index Bullish ETF UUP remains the currency ETF to watch.