ETFs To Watch August 27, 2010 (EWU, BZQ, TBT, XLY)

Here is the ETF Profesor's ETF Watch List for Friday August 27, 2010. The Nasdaq continues to look ugly, so put the ProShares UltraShort QQQ QID on your list. Make the SPDR Gold Shares GLD and the PowerShares DB US Dollar Index Bullish ETF UUP your GDP plays. Speaking of GDP, the U.K. revised its GDP up, so keep an eye on the iShares MSCI United Kingdom Index Fund EWU. Latin America is looking kind of weak, so play that trend with the ProShares UltraShort MSCI Brazil BZQ and the Direxion Daily Latin America Bear 3X Shares LHB. The Global X Silver Miners ETF SIL continues to enjoy a solid week. Make the ProShares UltraShort 20+ Year Treasury ETF TBT your fixed income play for the day. Play Tiffany TIF earnings with the Consumer Discretionary Select Sector SPDR XLY.