ETFs To Watch May 21, 2010 (FXA, HAO, ZSL, EDZ)

Here is the ETF Professor's ETF Watch List for Friday May 21, 2010. On news of possible central bank intervention to boost the Aussie Dollar, watch the CurrencyShares Australian Dollar Trust FXA. Watch the Claymore/Alpha Shares China Small-Cap ETF HAO due to yesterday's unusual options trade. With precious metals looking weak, try the ProShares UltraShort Silver ZSL. The iShares MSCI Brazil Index EWZ was down almost 5% on Thursday. Embrace emerging markets from the short side with the Direxion Daily Emrg Markets Bear 3X Shares EDZ. With Europe looking weak again, try the ProShares Short MSCI EAFE EFZ. If oil continues to sell off, try the ProShares UltraShort Oil & Gas DUG.