A Look Ahead: Next Week's ETFs To Watch

Near-nuclear disasters, ceasefires, several more days of triple-digit action on the Dow Jones Industrial Average and increased volatility on the S&P 500 have made this a week to remember. Or perhaps forget depending on what side of the fence you're on.

Thank goodness it's Friday, but before we kick the weekend off, let's prepare for the week ahead with some ETFs that should present some decent trading opportunities for a variety of reasons.

1) iShares MSCI Japan Index Fund EWJ:
We'll get the most obvious trade out of the way first. The question here is how much more of a bounce does EWJ have left in it after surging on Thursday and Friday?

2) Financial Select Sector SPDR XLF:
Financials were looking pretty bleak until positive dividend news finally emerged this week. Even with that, it seems unlikely that this group holds up if the broader market falters in the near-term.

3) Consumer Discretionary Select Sector SPDR XLY:
Tiffany TIF reports earnings on Monday and Carnival CCL comes up on Tuesday. Both are XLY constituents.

4) PowerShares Dynamic Food & Beverage ETF PBJ:
PBJ is an ETF we highlighted multiple times this week and we like it as a defensive play and a play on earnings from General Mills GIS on Wednesday.

5) India ETFs:
Even with news of the ceasefire in Libya, which helped move oil prices lower, India ETFs continued to falter on Friday. The charts of the WisdomTree India Earnings ETF EPI and the iPath MSCI India Index ETN INP look especially bad right now.