Option chain shows key data for DB Gold Double Short ETN due February 15, 2038's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for DB Gold Double Short ETN due February 15, 2038.

DB Gold Double Short ETN due February 15, 2038 (ARCA:DZZ) Stock, Option Chain

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Gold&#39;s Tumble Not Luring Traders To Inverse ETFs

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PowerShares ETF Trust Dynamic Energy Exploration & Production Port

SOCL

Benzinga&#39;s Mandatory ETF Reading for September 12, 2013

DB Gold Double Short ETN due February 15, 2038

If precious metals exchange-traded funds, such as the SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) and the iShares Silver Trust (ETF) (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>), were to be compared to high school sports teams, the gold funds would be the varsity team while SLV and friends would be the junior varsity squad.
That is not so much a knock on SLV as it is a testament to GLD&#39;s strength. Year to date, the world&#39;s largest bullion-backed ETF is up 16.2 percent, while SLV is higher by &ldquo;just&rdquo; 10.5 percent. Negative interest rates throughout the developed world coupled with investors&#39; thirst for safe assets, among other factors, have buoyed GLD and left SLV to pick up the scraps.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/16/03/7658918/a-reason-not-to-trust-the-coal-etfs-rally">A Reason Not To Trust The Coal ETF's Rally</a></bzrelatedlink>
That situation has reversal potential, and ambitious traders can exploit it to the fullest by shorting gold and being long silver.
&ldquo;Gold has been the best performing asset this year for two main reasons: a referendum on negative interest rates (i.e. currency devaluation) and credit stress, both of which have caused the trade-weighted US dollar to sell off by more than 4 percent since the beginning of February,&rdquo; said <a href="https://rareviewmacro.com/">Rareview Macro</a> founder Neil Azous in a note out Friday. 
<h3>Shorting Gold And Going Long On Silver</h3>
In that note, Azous unveiled a long silver/short gold thesis. Traders shooting for the stars with this trade can employ some leverage via the PowerShares DB Gold Double Short ETN (DB Gold Double Short ETN due February 15, 2038) (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>)) or the ProShares UltraShort Gold (ETF) (NYSE: <a class="ticker" href="/stock/gll#NYSE">GLL</a>), which are double-leveraged bearish plays on gold. Of course, those are volatile products because they are leveraged and silver has its own sordid history of being exceptionally volatile at times, so this idea is not for the faint of heart or sensitive of stomach.
Regardless of what ETFs one chooses to put on this trade, a solid case can be made that silver could soon outshine its yellow counterpart.
&ldquo;On the other leg, because silver has more of an industrial bent on a cyclical recovery globally, there is a reason to expect it to perform better if commodities as an asset class hold its recent bid-tone. Additionally, of late, silver has lagged the recovery in other industrial metals such as nickel, aluminum, and copper,&rdquo; added Azous.
For those worried about long silver being a crowded trade, don&#39;t be. It&#39;s not. At least not from the ETF side. SLV has brought in just $123 million in new assets this year, a mere fraction of the nearly $5.8 billion hauled in by GLD. GLD is this year&#39;s top asset-gathering ETF.
Image Credit: <a href="https://pixabay.com/en/pastels-oil-pastels-paint-gold-212321/">Public Domain</a>

SPDR Gold Trust (ETF) (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>), the world&#39;s largest exchange-traded product backed by physical holdings of bullion, has lost 10 percent year-to-date.
 With many market participants expecting the Federal Reserve to raise interest rates at its December meeting, GLD and rival gold ETFs are seeing their losses accelerate.
<h3>Gold On The Move</h3>
In just the past month, GLD is lower by 8.2 percent. On Monday, GLD notched its lowest close since the final trading day of the third quarter of 2009. As market participants continue resetting interest rate hike expectations to reflect the notion that the Federal Reserve will increase borrowing costs following its December meeting, plenty of rate-sensitive asset classes and sectors are coming under intense scrutiny.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5984991/gold-miners-etfs-are-getting-smoked">Gold Miners ETFs Are Getting Smoked</a></bzrelatedlink>
Add commodities and commodities producers to that list &ndash; a list that most certainly includes gold and gold mining equities. The November tale of the tape for leveraged gold miners exchange-traded funds <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/11/5969460/rate-hike-odds-shine-a-light-on-leveraged-gold-miners-etfs">reflects the havoc</a> traders expect will be wrought upon gold and bullion-producing companies as the Fed inches closer to higher interest rates.
Even with all of gold woes, many traders have not been tempted by various inverse gold exchange-traded products. Those traders are missing out.
<h3>Give Inverse Gold Another Look</h3>
Over the past month, the DB Gold Double Short ETN due February 15, 2038 (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) and the ProShares UltraShort Gold (ETF) (NYSE: <a class="ticker" href="/stock/gll#NYSE">GLL</a>), which attempts to deliver double the daily inverse performance of the London fixing gold price, have each soared nearly 18 percent. Yet, since the start of the current quarter, GLL has lost nearly $1.1 million in assets while DZZ has added a modest $7.6 million. 
Over the same period, GLD has bled more than $893 million. Only two ETFs have lost more assets during the fourth quarter than GLD. Year-to-date, GLD is lighter by $1.6 billion in assets, an outflows total exceeded by just eight other ETFs.
DZZ and GLL are not the only inverse gold ETFs receiving a chilly reception from traders. The DB Gold Short ETN due February 15, 2038 (NYSE: <a class="ticker" href="/stock/dgz#NYSE">DGZ</a>), the non-leveraged equivalent of DZZ, has climbed 8.8 percent over the past month; however, since the start of the fourth quarter, DGZ has lost nearly $19 million in assets. 
The Credit Suisse AG - VelocityShares 3x Inverse Gold ETN (NYSE: <a class="ticker" href="/stock/dgld#NYSE">DGLD</a>), which attempts to deliver triple the daily inverse performance of the S&amp;P GSCI Gold Index Excess Return, has surged a staggering 29 percent over the past month. One might think a performance like that would lure traders to DGLD, but the triple-leveraged ETN has seen fourth-quarter inflows of just $1.5 million. 
Image Credit: <a href="https://pixabay.com/en/horizontal-pocket-gold-gold-nugget-626086/">Public Domain</a>

Gold's Tumble Not Luring Traders To Inverse ETFs

Big winners (up at least 5%): PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>), ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>), Direxion Daily Gold Miners Bear Shares (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>) and the iPath Global Carbon ETN (NYSE: <a class="ticker" href="/stock/grn#NYSE">GRN</a>).

	Big losers (down at least 5%): Direxion Daily Gold Miners Bull 3X Shares (NYSE: <a class="ticker" href="/stock/nugt#NYSE">NUGT</a>), Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>), iShares Silver Trust (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>), Global X Gold Explorers ETF (NYSE: <a class="ticker" href="/stock/gldx#NYSE">GLDX</a>) and the VelocityShares 3x Inverse Natural Gas ETN (NYSE: <a class="ticker" href="/stock/dgaz#NYSE">DGAZ</a>).

	Unusual volume (at least 5X ADV): iShares S&amp;P Asia 50 ETF (NYSE: <a class="ticker" href="/stock/aia#NYSE">AIA</a>), WisdomTree Europe SmallCap Dividend Fund (NYSE: <a class="ticker" href="/stock/dfe#NYSE">DFE</a>), Global X Social Media Index ETF (NYSE: <a class="ticker" href="/stock/socl#NYSE">SOCL</a>), iShares NYSE Composite ETF (NYSE: <a class="ticker" href="/stock/nyc#NYSE">NYC</a>), PowerShares Gldn Dragon Halter USX China ETF (NYSE: <a class="ticker" href="/stock/pgj#NYSE">PGJ</a>) and the PowerShares Dynamic Energy Exploration &amp; Production ETF (NYSE: <a class="ticker" href="/stock/pxe#NYSE">PXE</a>).

	Must reads of the day

	From J.C. Parets: <a href="http://allstarcharts.com/is-it-time-to-get-back-in-japan/?utm_source=dlvr.it&amp;utm_medium=twitter">An important technical view on DXJ</a>.

	You'll never guess which stocks dominate <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/09/3907169/guess-what-stocks-are-leading-the-cloud-computing-etf">the cloud computing ETF</a>.

	From Barron's: Currency-hedged <a href="http://blogs.barrons.com/focusonfunds/2013/09/12/currency-hedged-funds-the-next-big-thing/">ETFs look like the new black</a>.

	For those long Eurozone stocks and ETFs, <a href="http://www.bloomberg.com/news/2013-09-12/germany-s-bonds-rise-for-second-day-before-italy-auctions-debt.html">read this</a>.

	Some new <a href="http://www.benzinga.com/analyst-ratings/analyst-color/13/09/3909229/some-new-etfs-off-to-impressive-starts">ETFs to snack on</a>.

Benzinga's Mandatory ETF Reading for September 12, 2013

Here is the ETF Professor's ETF Watch List for Wednesday, July 10, 2013.

Give the iShares MSCI Canada ETF (NYSE: <a class="ticker" href="/stock/ewc#NYSE">EWC</a>) a look.

Check in with the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>).

Keep an eye on the iShares Dow Jones US Oil &amp; Gas Exploration ETF (NYSE: <a class="ticker" href="/stock/ieo#NYSE">IEO</a>).

Emerging markets plays of the day: Market Vectors Indonesia Index ETF (NYSE: <a class="ticker" href="/stock/idx#NYSE">IDX</a>), Market Vectors Vietnam ETF (NYSE: <a class="ticker" href="/stock/vnm#NYSE">VNM</a>) and the WisdomTree Emerging Markets Equity Income ETF (NYSE: <a class="ticker" href="/stock/dem#NYSE">DEM</a>).

Forex play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: PowerShares Emerging Markets Sovereign Debt ETF (NYSE: <a class="ticker" href="/stock/pcy#NYSE">PCY</a>).

Pre-Market Outlook

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

PowerShares Emerging Markets Sovereign  Portfolio

ETFs to Watch July 10, 2013 (DEM, EUO, IEO)

Here is the ETF Professor's ETF Watch List for Wednesday, July 3, 2013.

Check in with the PowerShares Buyback Achievers ETF (NYSE: <a class="ticker" href="/stock/pkw#NYSE">PKW</a>).

Keep an eye on the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>).

Give the Vanguard Total Stock Market ETF (NYSE: <a class="ticker" href="/stock/vti#NYSE">VTI</a>) a look.

Emerging markets plays of the day: Vanguard FTSE Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/vwo#NYSE">VWO</a>), Market Vectors Indonesia (NYSE: <a class="ticker" href="/stock/idx#NYSE">IDX</a>) and the iShares MSCI All Peru Capped ETF (NYSE: <a class="ticker" href="/stock/epu#NYSE">EPU</a>).

Forex play of the day: CurrencyShares Canadian Dollar Trust (NYSE: <a class="ticker" href="/stock/fxc#NYSE">FXC</a>).

Bond play of the day: PowerShares Emerging Markets Sovereign Debt (NYSE: <a class="ticker" href="/stock/pcy#NYSE">PCY</a>).

ETFs to Watch July 3, 2013 (DZZ, PCY, VTI)

Here is the ETF Professor's ETF Watch List for Friday, June 28, 2013.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) demands consideration.

The WisdomTree Japan Hedged Equity Fund (NYSE: <a class="ticker" href="/stock/dxj#NYSE">DXJ</a>) is worth a look.

Is the worst over for the Market Vectors Coal ETF (NYSE: <a class="ticker" href="/stock/kol#NYSE">KOL</a>)?

Emerging markets plays of the day: iShares MSCI Turkey Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/tur#NYSE">TUR</a>), Global X FTSE Greece 20 ETF (NYSE: <a class="ticker" href="/stock/grek#NYSE">GREK</a>) and the iShares MSCI Thailand Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/thd#NYSE">THD</a>).

Forex play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: Vanguard Short-Term Bond ETF (NYSE: <a class="ticker" href="/stock/bsv#NYSE">BSV</a>).

WisdomTree Trust Japan Total Dividend Fund

GREK

iShares MSCI Thailand Investable Market Index Fund

iShares MSCI Turkey Investable Market Index Fund

ETFs to Watch June 28, 2013 (BSV, DXJ, TUR)

Friday is the last day of the second quarter so now is the ideal time to have a look at the themes and ETFs that worked well for investors over the past three months.

	According to simple screen that we <a href="http://www.finviz.com/screener.ashx?v=141&amp;f=ind_exchangetradedfund,ta_perf_13w10o&amp;ft=3&amp;o=-perf13w">ran on Finviz</a>, fewer than 50 ETFs and ETNs are showing second-quarter gains of 10 percent or more.

	The Direxion Daily Gold Miners Bear 3X Shares (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>) is on pace for a second-quarter triple, making it the best-performing ETF for the quarter. DUST's stellar second-quarter performance is nothing new. Even with a more than eight percent loss Thursday, this triple-leveraged bearish play on gold miners is up almost 450 percent in the past six months.

	DUST also serves as a good segue to exploring some of the similarities among the second quarters ETF studs. Of the 20 top ETFs and ETNs after DUST in terms of second-quarter returns, five are bearish plays on precious metals, including the three best after DUST. Those three are the ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>), the ProShares UltraShort Gold (NYSE: <a class="ticker" href="/stock/gll#NYSE">GLL</a>) and the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>).

	Prior to Thursday, the average quarterly gain for those three products was nearly 79 percent. Of course, it must be repeated that there are significant risks involved with leveraged ETFs, <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/03/3429669/these-leveraged-etfs-could-be-worth-the-risk">particularly over long holding periods</a>. They taketh as quickly as they giveth.

	Finding non-leveraged star performers among the "Non-DUST 20" is not hard, but the group is small in number. However, investors may already be familiar with some of these ETFs as <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/06/3686609/interesting-similarities-among-2013s-top-performing-etfs">they are among 2013's best non-leveraged performers</a>.

	The four best non-leveraged ETFs in the current quarter are, in order starting with best returns, the Guggenheim Solar ETF (NYSE: <a class="ticker" href="/stock/tan#NYSE">TAN</a>), the Market Vectors Solar Energy ETF (NYSE: <a class="ticker" href="/stock/kwt#NYSE">KWT</a>), the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: <a class="ticker" href="/stock/qcln#NASDAQ">QCLN</a>) and the PowerShares WilderHill Clean Energy (NYSE: <a class="ticker" href="/stock/pbw#NYSE">PBW</a>).

	The common theme beyond alternative energy is that as of June 18, three of those four ETFs held at least one Elon Musk stock, Solar City (NASDAQ: <a class="ticker" href="/stock/scty#NASDAQ">SCTY</a>) or Tesla (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>). KWT was the exception.

	Four of the remaining top performers are linked by the same theme as well. That being <a>rising yields on U.S. Treasurys</a>. Specifically, these are ETFs that are designed to go up when Treasury yields do the same. That quartet includes the ProShares UltraPro Short 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/ttt#NYSE">TTT</a>) and the Direxion Daily 20+ Yr Treasury Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tmv#NYSE">TMV</a>), which are up an average of 22 percent this quarter.

	No surprises among some of the other non-DUST 20. Six are <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/06/3694555/four-more-facts-about-em-etfs-you-need-to-know-now">bearish plays on emerging markets</a>, including three of the top seven. Inverse plays on three of the four BRIC nations are included in that group of six. India is the exception because there is no longer an inverse ETF for that country. The best bearish emerging markets ETF in the second quarter has been the double-leveraged ProShares UltraShort MSCI Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>). Forget its quarterly performance, though. Even with a 3.5 percent drop on Thursday, BZQ is still up 41.5 percent in just the past month.

	For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Bonds

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

SCTY

Direxion Daily 20+ Year Treasury Bear 3X Shares

TSLA

Common Themes Among Q2's Best ETFs

Here is the ETF Professor's ETF Watch List for Thursday, June 27, 2013.

Must watch of the day: PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>).

Add in the ProShares Ultra Silver (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>).

Give the SPDR EURO STOXX 50 (NYSE: <a class="ticker" href="/stock/fez#NYSE">FEZ</a>) a look.

Keep an eye on the First Trust Dow Jones Internet ETF (NYSE: <a class="ticker" href="/stock/fdn#NYSE">FDN</a>).

Emerging markets plays of the day: iShares MSCI Philippines Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ephe#NYSE">EPHE</a>), iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>) and the Market Vectors Russia ETF (NYSE: <a class="ticker" href="/stock/rsx#NYSE">RSX</a>).

Forex play of the day: PowerShares DB Dollar Bullish (NYSE: <a class="ticker" href="/stock/uup#NYSE">UUP</a>).

Bond play of the day: iShares Barclays 1-3 Year Treasury Bond ETF (NYSE: <a class="ticker" href="/stock/shy#NYSE">SHY</a>).

ISHARES MSCI PHILIPPINES INVESTABLE MARKET INDEX FUND

EPHE

First Trust Dow Jones Internet Index Fund

Market Vectors Russia ETF Trust Shares of Beneficial Interest

iShares Trust Barclays 1-3 Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

ETFs to Watch June 27, 2013 (AGQ, FEZ, SHY)

Here is the ETF Professor's ETF Watch List for Friday, June 21, 2013.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) looks good here. The Direxion Daily Gold Miners Bull 3X Shares (NYSE: <a class="ticker" href="/stock/nugt#NYSE">NUGT</a>) does not.

On a related note, keep an eye on the iShares Silver Trust (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>).

Give the PowerShares Buyback Achievers ETF (NYSE: <a class="ticker" href="/stock/pkw#NYSE">PKW</a>).

Emerging markets plays of the day: ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>), ProShares UltraShort MSCI Emerging Markets (NYSE: <a class="ticker" href="/stock/eev#NYSE">EEV</a>) and the Market Vectors Brazil Small-Cap ETF (NYSE: <a class="ticker" href="/stock/brf#NYSE">BRF</a>).

Forex play of the day: ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>).

Bond play of the day: PIMCO Total Return ETF (NYSE: <a class="ticker" href="/stock/bond#NYSE">BOND</a>).

BOND

ProShares UltraShort MSCI Emerging Markets

ETFs to Watch June 21, 2013 (BOND, FXP, NUGT)

Here is the ETF Professor's ETF Watch List for Wednesday, April 24, 2013.

Give the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) a look.

Dividend play: WisdomTree MidCap Dividend ETF (NSYE: DON).

Earnings play: ProShares UltraShort QQQ (NYSE: <a class="ticker" href="/stock/qid#NYSE">QID</a>).

Emerging markets plays of the day: PowerShares India Portfolio (NYSE: <a class="ticker" href="/stock/pin#NYSE">PIN</a>), iShares MSCI South Korea Index Fund (NYSE: <a class="ticker" href="/stock/ewy#NYSE">EWY</a>) and the WisdomTree Emerging Market SmallCap Dividend ETF (NYSE: <a class="ticker" href="/stock/dgs#NYSE">DGS</a>).

Forex play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: SPDR Barclays Capital High Yield Bond (NYSE: <a class="ticker" href="/stock/jnk#NYSE">JNK</a>).

Wisdomtree Emerging Markets Smallcap Dividend Fund

ETFs to Watch April 24, 2013 (DZZ, JNK, QID)

Here is the ETF Professor's ETF Watch List for Tuesday, April 16, 2013.

Obvious plays of the day: PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) and the ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>).

Short or stay away from the Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>).

Give the ProShares UltraShort Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>) a look.

Emerging markets plays of the day: ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>), iShares MSCI Taiwan Index Fund (NYSE: <a class="ticker" href="/stock/ewt#NYSE">EWT</a>) and the ProShares UltraShort MSCI Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>).

Currency play of the day: CurrencyShares Canadian Dollar Trust (NYSE: <a class="ticker" href="/stock/fxc#NYSE">FXC</a>).

Bond play of the day: SPDR Barclays Capital High Yield Bond ETF (NYSE: <a class="ticker" href="/stock/jnk#NYSE">JNK</a>).

ETFs to Watch April 16, 2013 (FXC, GDX, ZSL)

Here is the ETF Professor's ETF Watch List for Thursday, April 11, 2013.

Give the WisdomTree Total Dividend ETF (NYSE: <a class="ticker" href="/stock/dtd#NYSE">DTD</a>) a look.

The iShares Dow Jones US Telecom Index Fund (NYSE: <a class="ticker" href="/stock/iyz#NYSE">IYZ</a>) is on fire.

So is the Health Care Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlv#NYSE">XLV</a>).

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) merits consideration.

Emerging markets plays of the day: WisdomTree Emerging Markets Equity Income Fund (NYSE: <a class="ticker" href="/stock/dem#NYSE">DEM</a>), iShares MSCI Brazil Index Fund (NYSE: <a class="ticker" href="/stock/ewz#NYSE">EWZ</a>) and the Market Vectors Indonesia ETF (NYSE: <a class="ticker" href="/stock/idx#NYSE">IDX</a>).

Forex play of the day: PowerShares DB Dollar Bearish (NYSE: <a class="ticker" href="/stock/udn#NYSE">UDN</a>).

Bond play of the day: iShares iBoxx $ Investment Grade Corporate Bond Fund (NYSE: <a class="ticker" href="/stock/lqd#NYSE">LQD</a>).

iShares Dow Jones US Telecommunications Sector Index Fund

PowerShares DB US Dollar Index Bearish Fund

ETFs to Watch April 11, 2013 (IYZ, LQD, XLV)

Here is the ETF Professor's ETF Watch List for Friday, April 5, 2013.

Obvious play of the day: iShares MSCI Japan Index Fund (NYSE: <a class="ticker" href="/stock/ewj#NYSE">EWJ</a>).

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) should be in play.

Give the Technology Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlk#NYSE">XLK</a>) a look.

Emerging markets plays of the day: Market Vectors Vietnam ETF (NYSE: <a class="ticker" href="/stock/vnm#NYSE">VNM</a>), Market Vectors Indonesia ETF (NYSE: <a class="ticker" href="/stock/idx#NYSE">IDX</a>) and the iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>).

Forex play of the day: ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>). 

Bond play of the day: PIMCO Total Return ETF (NYSE: <a class="ticker" href="/stock/bond#NYSE">BOND</a>).

ETFs to Watch April 5, 2013 (BOND, EWJ, XLK)

On the back of some slack economic data, surging U.S. oil inventories and speculation that the Federal Reserve could end its bond-buying program as soon as this summer, U.S. stocks plunged Wednesday. The tumble came just a day after the S&amp;P 500 touched a new record high.

	One day of glum market action does not necessarily mean the start of an imminent, savage downturn. Still, Wednesday's action in select inverse ETFs may be a sign that more downside is on the way. At least for countries and sectors these ETFs track.

	At this point, it should go without saying that leveraged ETFs, both the bullish and bearish plays, are short-term instruments. Knowing that, the plethora of critics this asset class has might be apt to say these ETFs are not the best harbingers of things to come. That point can be argued, but in the cases of select bearish funds, Wednesday's action was merely the extension of recent trends and those trends should not be ignored.

	Bad Emerging Markets Continue to be Bad 
	Well-documented have been <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/03/3452210/slide-in-em-etf-exposes-country-weight-flaws">the struggles of the largest emerging markets, BRIC in particular, this year</a>. That was again the case on Wednesday.

	Start with the ProShares UltraShort Brazil (NYSE: <a class="ticker" href="/stock/bzq#NYSE">BZQ</a>). That double leveraged bearish play on sagging Brazilian equities, was up almost one percent Wednesday. Naysayers will point the below average volume and that is a fair argument.

	On a related note, China bulls will not like the fact that the ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>) gained 3.7 percent on more than double the average daily turnover. FXP also broke downtrend line resistance and could make a run to its 200-day moving average in the coming days.

	The Direxion Daily Russia Bear 3X Shares (NYSE: <a class="ticker" href="/stock/russ#NYSE">RUSS</a>) gained more than six percent on more than double its average daily volume while the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: <a class="ticker" href="/stock/edz#NYSE">EDZ</a>) added over three percent, also on better than double the normal trade.

	Strong volume across EDZ, FXP and RUSS is not a good sign for BRIC bulls.

	Energy Weakens 
	Name a major energy ETF and chances are it closed in the red Wednesday. The Energy Select SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>) and the Vanguard Energy ETF (NYSE: <a class="ticker" href="/stock/vde#NYSE">VDE</a>) were both down more than 1.6 percent while the Market Vectors Oil Services ETF (NYSE: <a class="ticker" href="/stock/oih#NYSE">OIH</a>) dropped 2.1 percent on volume that was about 25 percent higher than usual.

	Again, just one day of price action is being referred to here, but energy has been one of the only higher beta sectors to show any leadership this year in what has <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/04/3465273/low-vol-etf-inflows-underscore-rallys-risk-off-nature">predominantly been a low beta rally at the sector level</a>.

	Cause for concern? Maybe. The ProShares UltraShort Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>) gained 3.3 percent on volume that was about 80 percent higher than usual.

	The Golden Goose May be Cooked 
	It has been said that gold is a safe-haven investment. Lately, that has not been the case and it now looks like the SPDR Gold Shares (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) and related ETFs <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/04/3469106/inverse-etfs-for-april-showers">are flirting with technical disaster</a>. GLD lost 1.1 percent Wednesday on volume that was nearly 50 percent above the daily average.

	On the other hand, the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) added 2.1 percent on volume that roughly 25 percent above normal. Things are far worse for the miners. The Market Vectors Gold Miners ETF (NYSE: <a class="ticker" href="/stock/gdx#NYSE">GDX</a>) plunged 4.5 percent on volume that 2.6 times above normal. The Direxion Daily Gold Miners Bull 3X Shares (NYSE: <a class="ticker" href="/stock/nugt#NYSE">NUGT</a>) tumbled nearly 14 percent to close at $20.52. Following a reverse split, NUGT opened for trading Tuesday at just over $26.

	The Direxion Daily Gold Miners Bear 3X Shares (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>) loves all this. On better than double its average turnover, DUST jumped 13.4 percent Wednesday.

	For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Futures

Technicals

Events

Global

Econ #s

Direxion Daily Emerging Markets Bear 3x Shares

RUSS

Interesting Wednesday Action in Inverse ETFs

Here is the ETF Professor's ETF Watch List for Friday, February 23, 2013.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) should be in play again.

Leveraged play of the day: ProShares UltraPro Short QQQ (NASDAQ: <a class="ticker" href="/stock/sqqq#NASDAQ">SQQQ</a>).

The iShares Russell 2000 Index Fund (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>) could be in for some trouble.

Give the ProShares Short MSCI EAFE (NYSE: <a class="ticker" href="/stock/efz#NYSE">EFZ</a>) a look.

Emerging markets plays of the day: Market Vectors Vietnam ETF (NYSE: <a class="ticker" href="/stock/vnm#NYSE">VNM</a>), ProShares UltraShort FTSE China 25 (NYSE: <a class="ticker" href="/stock/fxp#NYSE">FXP</a>) and the iShares MSCI Brazil Capped Index Fund (NYSE: <a class="ticker" href="/stock/ewz#NYSE">EWZ</a>).

Forex play of the day: ProShares UltraShort Euro (NYSE: <a class="ticker" href="/stock/euo#NYSE">EUO</a>).

Bond play of the day: PowerShares Build America Bond Portfolio (NYSE: <a class="ticker" href="/stock/bab#NYSE">BAB</a>).

SQQQ

ETFs to Watch February 22, 2013 (BAB, EFZ, IWM)

A spate of deal-making helped lift stocks last week as the S&amp;P 500 added 0.1 percent. That does not sound like much, but it was enough for the seventh consecutive up wee for the benchmark U.S. index. 

Sturdy economic reports, decent earnings and now mergers and acquisitions activity have been the recent catalysts giving the bulls reasons to cheer.

Still, there are some causes for concern. Earnings season is drawing to a close. The sequestration debate looms and deal-making alone cannot prop up the entire market. 

Not to mention, emerging markets equities, broadly speaking, have not been stellar performers to start the year. Add those factors to the fact that the U.S. dollar is showing signs of life and a case can be made that risk appetite is fading.

It is should be noted that the latter stages of February are usually not kind to stocks. With that in mind, keep an eye on the following ETFs in this holiday-shortened week.

Direxion Daily Gold Miners 3X Bear Shares (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>)
A familiar friend makes another appearance on this list. Not to toot our own horns too much, but <a href="http://www.benzinga.com/news/earnings/12/10/2991518/a-look-ahead-this-weeks-etfs-to-watch">DUST was touted in these parts as back as mid-October</a>. Since mid-November, the fund has surged 50.5 percent.

A run like that may make it seem as though DUST is poised to take a break. Actually, the opposite might be true. Gold itself now <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/02/3339313/einhorn-soros-differ-on-gold-mining-etfs">looks quite vulnerable</a> and that is bad news for the miners that struggled when gold was rising. Also consider the PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>).

WisdomTree Japan Hedged Equity Fund (NYSE: <a class="ticker" href="/stock/dxj#NYSE">DXJ</a>)
One of 2013's most successful ETFs, both in terms of asset-gathering and pure performance, makes another appearance on this list. And with good reason. The dollar surged against the yen during Monday's Asian session after the G-20 declined to censure Japan for allowing the yen to fall so far so fast against the greenback and the euro.

That could leave the door open for the Bank of Japan to engage in stimulus and/or asset-buying later this year. Speaking of BoJ, Prime Minister Shinzo Abe will <a href="http://finance.yahoo.com/news/japan-pm-nominate-boj-chief-071334075.html">reportedly name the new leader of the central bank as soon as this week</a> and it very well could be former Deputy Governor Toshiro Muto. 

That sets up nicely for DXJ, USD/JPY and Japanese equities because Muto will tow the Abe line, which is to engineer inflation while deploying bold tools and unlimited easing to jolt the world's third-largest economy. 

Those looking for another way to play this trade may want to consider put options on or outright shorting of the iShares MSCI South Korea Index Fund (NYSE: <a class="ticker" href="/stock/ewy#NYSE">EWY</a>) as South Korean exporters are seen as vulnerable due to the weaker yen.

PowerShares Dynamic Food &amp; Beverage Portfolio (NYSE: <a class="ticker" href="/stock/pbj#NYSE">PBJ</a>)
Thanks to Warren Buffett's thirst for mega-acquisitions, oft-overlooked PBJ is flying high these days. Buffett's Berkshire Hathaway and a Brazilian partner announced they will acquire PBJ's largest holding, H.J. Heinz (NYSE: <a class="ticker" href="/stock/hnz#NYSE">HNZ</a>), last week for $28 billion.

Buffett may not be done and the food industry is fertile ground for the man that loves easy-to-understand, highly profitable businesses with recognizable brands. 

At least another 10 percent of PBJ's weight, that being General Mills (NYSE: <a class="ticker" href="/stock/gis#NYSE">GIS</a>) and Hershey (NYSE: <a class="ticker" href="/stock/hsy#NYSE">HSY</a>), have been mentioned as <a href="http://www.bloomberg.com/video/buffett-seeks-elephants-for-deals-who-s-next-0Jx2hN3sR02qPRNP1HHQVA.html?cmpid=yhoo">as possible Berkshire targets</a>. J.M. Smucker (NYSE: <a class="ticker" href="/stock/sjm#NYSE">SJM</a>) and, to a lesser extent, Kellogg (NYSE: <a class="ticker" href="/stock/k#NYSE">K</a>) could also be Berkshire targets. Both are PBJ holdings.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Movers & Shakers

A Look Ahead: This Week's ETF's to Watch

Here is the ETF Professor's ETF Watch List for Wednesday December 19, 2012.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) looks like an alluring play.

The PowerShares NASDAQ Internet Portfolio (NASDAQ: <a class="ticker" href="/stock/pnqi#NASDAQ">PNQI</a>) is showing signs of life. 

Leveraged play of the day: ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>).

Emerging markets plays of the day: EGShares India Small Cap ETF (NYSE: <a class="ticker" href="/stock/scin#NYSE">SCIN</a>), iShares MSCI Thailand Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/thd#NYSE">THD</a>) and the iShares MSCI Mexico Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/eww#NYSE">EWW</a>).

Forex play of the day: CurrencyShares Swiss Franc Trust (NYSE: <a class="ticker" href="/stock/fxf#NYSE">FXF</a>).

Bond play of the day: SPDR Barclays Capital High Yield Bond (NYSE: <a class="ticker" href="/stock/jnk#NYSE">JNK</a>).

PNQI

Emerging Global Shares INDXX India Small Cap Fund

SCIN

ETFs to Watch December 19, 2012 (FXF, JNK, THD)

Here is the ETF Professor's ETF Watch List for Thursday December 6, 2012.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) looks appealing. 

Related play: Direxion Daily Gold Miner Bear 3X Shares (NYSE: <a class="ticker" href="/stock/dust#NYSE">DUST</a>).

The Global X FTSE Greece 20 ETF (NYSE: <a class="ticker" href="/stock/grek#NYSE">GREK</a>) will definitely be in play.

Keep an eye on the Technology Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlk#NYSE">XLK</a>).

Emerging markets plays of the day: Guggenheim China Small Cap ETF (NYSE: <a class="ticker" href="/stock/hao#NYSE">HAO</a>), Market Vectors Indonesia Small-Cap ETF (NYSE: <a class="ticker" href="/stock/idxj#NYSE">IDXJ</a>) and the iShares MSCI Chile Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ech#NYSE">ECH</a>).

Forex play of the day: WisdomTree Dreyfus Emerging Currency ETF (NYSE: <a class="ticker" href="/stock/cew#NYSE">CEW</a>).

Bond play of the day: PIMCO Total Return ETF (NYSE: <a class="ticker" href="/stock/bond#NYSE">BOND</a>).

WisdomTree Dreyfus Emerging Currency Fund

IDXJ

ETFs to Watch December 6, 2012 (CEW, GREK, XLK)

With the start of a new month comes the opportunity for investors to evaluate those ETFs that have established track records of solid performance in December. The pickings are ample as the last month of the year is usually one of the best for stocks with S&amp;P 500 rising in 16 of the previous 20 Decembers. Before getting too excited, it should be noted that the Stock Trader's Almanac points out the stocks lose some of their December zest in presidential election years. 

As has been duly noted, <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/11/3044945/these-etfs-could-soar-in-november">seasonal trends work in favor</a> of the investors that acknowledge those trends. For example, energy stocks usually decline in November. What did the Energy Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>) do last month? It fell 1.22 percent.

Keep that type of concept in mind when shopping for December winners. The list can start with the following ETFs.

PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>)
This will be the ninth December in which the SPDR Gold Shares (NYSE: <a class="ticker" href="/stock/gld#NYSE">GLD</a>) has traded. Over the previous eight, the world's second-largest ETF by assets has a decidedly mixed track record having risen on four occasions while having tumbled four times.

With that type of breakdown it is clearly hard to endorse a bullish position in gold as a short-term December trade. However, those that are committed to GLD or an equivalent fund such as the iShares Gold Trust (NYSE: <a class="ticker" href="/stock/iau#NYSE">IAU</a>) for the long-term can consider the PowerShares DB Gold Double Short ETN as a short-term hedge against a long gold position. In an ideal scenario, DZZ will rise this month and investors will be deep enough in the money to hold the ETN until next year to stave off 2012 short-term capital gains.

PowerShares Dynamic Media Portfolio (NYSE: <a class="ticker" href="/stock/pbs#NYSE">PBS</a>)
The PowerShares Dynamic Media Portfolio has been one of the better-performing sector funds this year with a gain of almost 25.5 percent. That shows the ETF has lived up to the hype of being <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/03/2442031/4-etfs-for-hunger-games-pbs-xly-amzn">a play on election year advertising</a> and the release of some marquee films. 

Sitting on a gain of 25.5 percent, it might appear that PBS is ripe for some year-end profit taking, but that may not be the case. First, fund managers that are up on media stocks will likely look to push the tax consequences of those winning positions out to to 2013. Second, the media sector has posted an average gain of over three percent over the past 20 Decembers while outperforming the S&amp;P 500 nearly two-thirds of the time, <a href="http://cdn.videos.bloomberg.com/k3cGZhNzq00K7ePPylIZmqs9KxaF75Tz/DOcJ-FxaFrRg4gtDIwOjc5OjBhO9qBTo">according to Bloomberg</a>.

iShares Dow Jones U.S. Medical Devices Index Fund (NYSE: <a class="ticker" href="/stock/ihi#NYSE">IHI</a>)
As Bloomberg noted, December is usually quite kind to health care equipment names. The sub-sector posts an average gain in the last month of the year of nearly 3.6 percent and has outpaced the S&amp;P 500 in more than 72 percent of the previous 20 Decembers.

Savvy short-sellers will let unknowing bulls run the iShares Dow Jones U.S. Medical Devices Index Fund higher this month there are ominous clouds on the horizon for the medical device industry. As Benzinga has previously reported, <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/11/3075943/medical-device-etfs-flash-bearish-technicals-fundamentals-pos">Obamacare contains punitive, GDP-draining tax</a> on IHI constituents that could prompt the loss of tens of thousands of jobs while crimping the profits of the ETF's holdings.

The tax becomes effective in January and has already resulted in <a href="http://www.drugwatch.com/2012/12/03/obamacare-tax-on-medical-devices-prompts-widespread-layoffs/">preemptive layoffs from some of IHI's holdings</a>. In other words, medical device may honor their seasonal tendency to rise in December. Just do not bet on the good times lasting too far into 2013.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

iShares Dow Jones US Medical Devices Index Fund

A Year-End Rally Could Jolt These ETFs Higher 

Here is the ETF Professor's ETF Watch List for Tuesday October 16, 2012.

The PowerShares DB Gold Double Short ETN (NYSE: <a class="ticker" href="/stock/dzz#NYSE">DZZ</a>) looks interesting.

Index play of the day: PowerShares QQQ (NASDAQ: <a class="ticker" href="/stock/qqq#NASDAQ">QQQ</a>).

The iShares MSCI Belgium Investable Market Index Fund (NYSE: <a class="ticker" href="/stock/ewk#NYSE">EWK</a>) is nearing some critical resistance.

Emerging markets plays of the day: iShares MSCI Emerging Markets Index Fund (NYSE: <a class="ticker" href="/stock/eem#NYSE">EEM</a>), Global X Brazil Consumer ETF (NYSE: <a class="ticker" href="/stock/braq#NYSE">BRAQ</a>) and the EGShares Emerging Markets Consumer ETF (NYSE: <a class="ticker" href="/stock/econ#NYSE">ECON</a>).

Forex play of the day: PowerShares DB Dollar Bearish (NYSE: <a class="ticker" href="/stock/udn#NYSE">UDN</a>).

Bond play of the day: Vanguard Total Bond Market ETF (NYSE: <a class="ticker" href="/stock/bnd#NYSE">BND</a>).

BRAQ

Emerging Global Shares Dow Jones Emerging Marketsnsumer Titan Index Fund

ECON

iShares MSCI Belgium Ivestable Market Index Fund

ETFs to Watch October 16, 2012 (DZZ, EEM, QQQ)

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