ETFs To Watch September 21, 2011

Here is the ETF Professor's ETF Watch List for Wednesday September 21, 2011. The ProShares UltraShort Basic Materials SMN posted a solid gain on Tuesday. The Guggenheim Solar ETF TAN looks terrible right now, so watch for short opportunities. The Direxion Daily Small Cap Bear 3X Shares TZA looks good here. Same goes for the iShares Nasdaq Biotechnology ETF IBB. Emerging markets plays of the day: Direxion Daily Russia Bear 3x Shares RUSS, iShares MSCI Thailand Investable Market Index Fund THD and the WisdomTree Emerging Markets SmallCap Dividend Fund DGS. Forex play of the day: CurrencyShares British Pound Sterling Trust FXB. Bond play of the day: SPDR Barclays Capital High Yield Bond ETF JNK.