ETFs to Watch August 22, 2012 (BZQ, FAZ, HYD)

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Here is the ETF Professor's ETF Watch List for Wednesday August 22, 2012.

Keep an eye on the Direxion Daily Financial Bear 3X Shares (NYSE:FAZ).

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Index play of the day: ProShares UltraShort S&P500 (NYSE:SSO).

The iShares Gold Trust (NYSE:IAU) is looking good.

Emerging markets plays of the day: ProShares UltraShort Brazil (NYSE:BZQ), Market Vectors Vietnam ETF (NYSE:VNM) and the iShares MSCI South Africa Index Fund (NYSE:EZA).

Forex play of the day: PowerShares DB Dollar Bearish (NYSE:UDN).

Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE:HYD).

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