ETFs To Watch May 19, 2010 (SEF, EEV, XLK, PSQ)

Here is the ETF Professor's ETF Watch List for Wednesday May 19, 2010. Play Hewlett-Packard HPQ earnings with the Technology Select Sector SPDR XLK. Emerging markets are going to get hammered today, so keep an eye on the ProShares Short MSCI Emerging Markets EUM, the ProShares UltraShort MSCI Emerging Markets EEV and the Direxion Daily Emerging Markets Bear 3X Shares EDZ. The Euro's continued declines are good news for the PowerShares DB US Dollar Index Bullish ETF UUP. The Nasdaq looks ready to rollover, so track the ProShares Short QQQ PSQ. The same can be said for small-caps, so keep an eye on the ProShares UltraShort SmallCap600 ETF SDD. Wednesday could be an interesting day for the SPDR Barclays Capital High Yield Bond ETF JNK. Financials should see big declines on Wednesday, so put the ProShares Short Financials ETF SEF on your list.