ETFs To Watch January 21, 2011 (BZQ, GDX, EWP, YCS)

Here is the ETF Professor's ETF Watch List for Friday January 21, 2011. As an earnings play, try the Oil Services HOLDRs OIH. Another earnings play: SPDR Select Sector Technology XLK. The Market Vectors Gold Miners ETF GDX is looking vulnerable on the downside. The iShares MSCI Spain Index Fund EWP was a curious winner on Thursday, gaining over 2%. Emerging markets plays of the day: ProShares UltraShort Brazil BZQ, Direxion Daily Latin America Bear 3X Shares LHB and the Market Vectors Vietnam ETF VNM. Forex play of the day: ProShares UltraShort Yen YCS. Bond play of the day: ProShares Short 20+ Year Treasury TBF.