ETFs To Watch May 3, 2011 (XLU, EPI, ZSL, UDN)

Here is the ETF Professor's ETF Watch List for Tuesday May 3, 2011. No pun intended, but mining ETFs were drilled on Monday, so keep an eye on the Global X Silver Miners ETF SIL and the Market Vectors Gold ETF GDX as bounce-back plays on Tuesday. If you're a believer in silver's decline, try the ProShares UltraShort Silver ZSL. Play some defense with the PowerShares Financial Preferred ETF PGF and the Utilities Select Sector SPDR XLU. Emerging markets plays of the day: WisdomTree India Earnings ETF EPI, Direxion Daily China Bear 3X Shares CZI and the Market Vectors Africa Index ETF AFK. Forex play of the day: PowerShares DB US Dollar Index Bearish UDN. Bond play of the day: Direxion Daily 20+ Yr Treasury 3X Bear Shares TMF.