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

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).

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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