ETFs To Watch April 13, 2011 (ALD, FAZ, XLP, EEV)

Here is the ETF Professor's ETF Watch List for Wednesday April 13, 2011. Direxion Daily Financial Bear 3X Shares FAZ and the ProShares UltraShort Financials SKF as earnings plays. For those willing to bet on a rebound in gold, try the ProShares Ultra Gold UGL and the Market Vectors Junior Gold Miners ETF GDXJ. Play a little defense with the Consumer Staples Select Sector SPDR XLP and the PowerShares Dynamic Food & Beverage ETF PBJ. Emerging markets plays of the day: Direxion Daily China Bear 3X Shares CZI, ProShares UltraShort MSCI Emerging Markets EEV and the Market Vectors Russia ETF RSX. Forex play of the day: CurrencyShares Japanese Yen Trust FXY. Bond play of the day: WisdomTree Asia Local Debt ETF ALD.