ETFs To Watch March 8, 2011 (MUB, UNG, SRTY, BZQ)

Here is the ETF Professor's ETF Watch List for Tuesday March 8, 2011.

The U.S. Natural Gas Fund UNG was up over 3% on Monday, but it's still hard to be a believe in this thing for the long haul.

The Nasdaq looks ready to fall, so trade the Direxion Daily Technology Bear 3X Shares TYP.

Keep an eye on the ProShares UltraPro Short Russell2000 SRTY.

The iPath S&P 500 VIX Short-Term Futures ETN VXX was up almost 3% on Monday.

Emerging markets plays of the day: ProShares Ultra MSCI Emerging Markets EET, ProShares UltraShort Brazil BZQ and the Direxion Daily India Bear 2X Shares INDZ.

Forex play of the day: PowerShares DB US Dollar Index Bearish UDN.

Bond play of the day: iShares S&P National AMT-Free Muni Bond ETF MUB.