ETFs To Watch October 4, 2010 (EDC, TBT, SLK, USO)

Here is the ETF Professor's ETF Watch for Monday October 4, 2010. With oil trading above $81 a barrel during the Asian trading session, the following ETFs look like appealing plays on Monday: ProShares Ultra Oil & Gas DIG, ProShares Ultra DJ-UBS Crude Oil UCO and the U.S. Oil Fund USO. Keep an eye on the Market Vectors Coal ETF KOL as it approaches round-number resistance at $40. The Market Vectors Steel ETF SLK is another one to watch. Emerging markets plays for the day: Market Vectors Russia ETF RSX, WisdomTree India Earnings ETF EPI and the Direxion Daily Emerging Markets Bull 3X Shares EDC. Forex play of the day: ProShares UltraShort Yen YCS. Bond play of the day: ProShares UltraShort 20+ Year Treasury TBT.