ETFs to Watch May 31, 2012 (XLE, EWJ, UUP)

Here is the ETF Professor's ETF Watch List for Thursday May 31, 2012. The iShares MSCI Japan Index Fund EWJ is in major trouble. The Vanguard Telecom Services ETF VOX is at least less bad these days. Also in big trouble: The SPDR S&P Oil & Gas Equipment & Services ETF XES and the Energy Select Sector SPDR XLE. Emerging markets plays of the day: Direxion Daily India Bear 3X Shares INDZ, ProShares UltraShort MSCI Brazil BZQ and the iShares MSCI All Peru Capped Index Fund EPU. Forex play of the day: PowerShares DB US Dollar Index Bullish UUP. Bond play of the day: iShares Barclays 20+ Year Treasury Bond Fund TLT.