Top ETFs To Watch August 24, 2011- YCS, BND, PRN, EWJ, IEZ, XOP, EWT, VWO, LHB

Forex play of the day: ProShares UltraShort Yen (NYSE: YCS). Shares has a 52 week low of 13.39 and a 52 week high of 17.65 and the company has a market cap of 113.98M.

Bond play of the day: Vanguard Total Bond Market ETF (NYSE: BND). Shares has a 52 week low of 79.02 and a 52 week high of 84.25 and the company has a market cap of 11.07B.

Trade the PowerShares Dynamic Industrials (NYSE: PRN) if the Dow shows signs of follow through.

The iShares MSCI Japan Index Fund (NYSE: EWJ) will be in the spotlight after a ratings downgrade for Japan.

Play the iShares Dow Jones US Oil Equipment Index Fund (NYSE: IEZ) and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP) if oil matches Tuesday’s gains.

Emerging markets plays of the day: iShares MSCI Taiwan Index Fund (NYSE: EWT), Vanguard MSCI Emerging Markets ETF (NYSE: VWO) and the Direxion Daily Latin America 3X Bear Shares (NYSE: LHB).

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