ETFs To Watch May 18, 2010 (RZV, CZI, SCO, UUP)

Here is the ETF Professor's ETF Watch List for Tuesday May 18, 2010. The ETFS Physical Palladium Shares ETF

is getting whacked. The ETF was down another 4% on Monday. If you think gold is ready for a pullback, checkout the PowerShares DB Gold Double Short ETN

. Small-caps continue to show suspicious strength, so keep an eye on the Rydex S&P SmallCap 600 Pure Value ETF

. Oil = weak, so watch the ProShares UltraShort DJ-UBS Crude Oil

. Silver may join gold in pullback mode, so keep an eye on the ProShares UltraShort Silver ETF

. With China in bear market territory, the Direxion Daily China Bear 3X Shares

is worth a look. Here's an interesting fixed income play: The PowerShares High Yield Corporate Bond

. The PowerShares DB US Dollar Index Bullish ETF

remains the currency ETF to watch.