Another action-packed week on Wall Street has drawn to a close and fans of international headline risk, if such a group exists, we're loving life this week. The Middle East, China, Europe, the U.S. and Japan all took their turn in the spotlight and the news was not good to say the least.

To say preparation for next week critical is an understatement. With that, here's a look at some ETFs that should be in play in the week ahead.

1) iShares MSCI Japan Index Fund EWJ:
Natural disasters have a way of moving country-specific ETFs and that was the case with EWJ on Friday when its volume was nearly triple the daily average. The CurrencySharess Japanese Yen Trust FXY is another to add to the Japan watch list.

2) Global X Uranium ETF URA:
Unjustly punished recently and some of its constituents report earnings next week.

3) iShares Dow Jones Transportation Average IYT:
Always in play and FedEx FDX reports earnings on Thursday.

4) ProShares Short Dow30 DOG:
Given the Dow's recently volatile ways and increasing speculation that the market has topped out, it might be prudent to take a look at this "insurance policy." It's inverse, but not leveraged.

5) iShares Silver Trust SLV:
Talk about volatile, folks are just clamoring for a silver pullback to get involved with the white metal as a safe-haven play, but will the economic data support higher silver prices going forward? Remember, half of silver demand comes from industry.

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