ETFs to Watch January 3, 2012

Here is the ETF Professor's ETF Watch List for Tuesday January 3, 2012. On Spain's deficit forecast, trade the iShares MSCI Spain Index Fund EWP. Watch how miners start the new year with the Global X Silver Miners ETF SIL. The PowerShares Zacks Micro Cap ETF PZI finished 2011 in rally mode. Emerging markets plays of the day: iShares MSCI Brazil Index Fund EWZ, Guggenheim China Small-Cap ETF HAO and the iShares MSCI Malaysia Index Fund EWM. Forex play of the day: CurrencyShares Canadian Dollar Trust FXC. Bond play of the day: PowerShares Fundamental High Yield Corporate Bond ETF PHB.