Here is the ETF Professor's ETF Watch for Monday July 30, 2012:
Keep an eye on the iShares Dow Jones US Telecom Fund (NYSE: IYZ) and the iShares Nasdaq Biotechnology Index Fund (NASDAQ: IBB).
The Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) might tell us if this rally is waning.
The WisdomTree Equity Income Fund (NYSE: DHS) is also worth a look.
Emerging markets plays of the day: iShares MSCI Brazil Index Fund (NYSE: EWZ), Market Vectors Vietnam ETF (NYSE: VNM) and the WisdomTree India Earnings ETF (NYSE: EPI).
Forex play of the day: ProShares UltraShort Yen (NYSE: YCS).
Bond play of the day: SPDR Barclays Capital High Yield Bond ETF (NYSE: JNK).
BY The ETF Professor