ETFs to Watch August 30, 2012 (XLB, VGK, FXA)

Here is the ETF Professor's ETF Watch List for Thursday August 30, 2012.

The Materials Select Sector SPDR (NYSE:XLB) could be ready for a slide.

The ProShares UltraShort Silver (NYSE:ZSL) is starting to look interesting.

Believe it or not, the Vanguard MSCI Europe ETF (NYSE:VGK) has been performing well lately.

Emerging markets plays of the day: ProShares UltraShort FTSE China 25 (NYSE:FXP), iShares MSCI Chile Investable Market Index Fund (NYSE:ECH) and the iShares MSCI Taiwan Index Fund (NYSE:EWT).

Forex play of the day: CurrencyShares Australian Dollar Trust (NYSE:FXA).

Bond play of the day: iShares iBoxx $ Investment Grade Corporate Bond Fund (NYSE:LQD).

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