ETFs to Watch May 2, 2013 (EEM, QID, XLU)

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Here is the ETF Professor's ETF Watch List for May 2, 2013.

Give the ProShares UltraShort Silver (NYSE:ZSL) a look.

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The Utilities Select Sector SPDR (NYSE:XLU) could be showing signs of weakness.

The ProShares UltraShort QQQ (NYSE:QID) is worth a trade.

Emerging markets plays of the day: ProShares UltraShort MSCI Brazil (NYSE:BZQ), iShares MSCI Emerging Markets Index Fund (NYSE:EEM) and the iShares MSCI South Africa Index Fund (NYSE:EZA).

Forex play of the day: CurrencyShares Canadian Dollar Trust (NYSE:FXC).

Bond play of the day: WisdomTree Asia Local Debt ETF (NYSE:ALD).

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