Here is the ETF Professor's ETF Watchlist for Thursday November 19, 2009.

Let's try an interesting emerging markets play that has been getting hammered recently. The iShares MSCI Turkey Investable Market Index Fund ETF (NYSE: TUR) is down 10% in the past month.

The ETF Professor continues to like the way things are shaping in the coal sector and that's why he's recommending the Market Vectors Coal ETF (NYSE: KOL) again.

The iShares MSCI Taiwan Index (NYSE: EWT) was home to some bearish options trade on Wednesday, so watch it on Thursday.

While the Professor knows he mentioned this one yesterday, the bullish moves among dry bulk shippers are too much to ignore, so put the Claymore/Delta Global Shipping ETF (NYSE: SEA) on your watchlist again.

The United States Natural Gas Fund (NYSE: UNG) continues to get hammered by the bears. UNG is always in play.

The UltraShort Real Estate ProShares (NYSE: SRS) was down nearly 4% on Wednesday, making it worth looking at on Thursday.

If you're in the mood for a dividend trade, try the WisdomTree LargeCap Dividend ETF (NYSE: DLN).

Tired of being bullish on gold? Try the DB Gold Double Short ETN (NYSE: DZZ). Just to be clear, the Professor is NOT bearish on gold.

Financials were fairly strong on Wednesday, so let's watch the iShares Dow Jones US Financial Services ETF (NYSE: IYG) on Thursday.

The iShares MSCI Taiwan Index (NYSE: EWT), the primary ETF tracking Taiwan equities, is seeing some bearish options trading today, with the purchase of more than 31,000 December 12 puts and the sale of a similar number December 13 calls.

Take a look at the chart and you'll see that EWT gapped up on Monday, but was unable to hold the $13.20 area, a range that was formerly a support area that may now be acting as resistance.

The trade will be profitable if EWT falls below $12 and the trade will lose money if it rises over $13 because of the short position in the calls.

The Rydex Inverse 2x S&P Select Sector Health Care ETF (NYSE: RHO) is the biggest decliner among the ETFs today as Health Care Select Sector Index is up. RHO fell 4.79% and trades at $35.80.

The Market Vectors Gulf States Index ETF (NYSE: MES) that corresponds to the performance of the Dow Jones GCC Titans 40 Index dropped 3.44% to $20.77. The countries represented in the index are Kuwait, the United Arab Emirates, Qatar, Oman and Bahrain.

Emerging market ETFs MARKET VECTORS ETF TRUST VIETNAM ETF (NYSE:VNM), iShares MSCI Taiwan Index (ETF)
(Public, NYSE: EWT) and iShares MSCI Turkey Index Fund
(Public, NYSE: TUR) are trading in the negative territory today. VNM dropped 3.79%, while EWT dropped 3.28%. Turkish ETF iShares MSCI Turkey Index Fund (TUR) lost 3.16% and fell to $49.99.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5119017 for the full story.

Today’s tickers: SLV, EWT, CL, BG, ILMN, COH, TMO, SPG, BG, ADSK & SLM

SLV - iShares Silver Trust ETF – A bull call spread in the January 2011 contract on the silver ETF today suggests shares of the SLV may rally significantly over the next year and two months time. Shares of the SLV are currently up 0.5% to $18.23. The silver-bull purchased a ratio call spread by buying 3,000 calls at the January 23 strike for an average premium of 1.93 apiece, and selling 6,000 calls at the higher January 30 strike for about 90 cents each. The net cost of the transaction is reduced to just 13 cents per contract. Shares of the fund must rally at least 27% before the investor breaks even at a price of $23.13. The trader stands ready to accumulate maximum potential profits of 6.87 per contract if the stock surges up to $30.00 by January 2011.

EWT - iShares MSCI Taiwan Index ETF – A massive bearish play on the Taiwan Index exchange-traded fund caught our attention this afternoon with shares of the EWT down 0.5% to $12.64 in late-day trading. It appears one investor established a bearish risk reversal in the December contract to position for potential share price declines through expiration. The trader sold 31,000 calls at the December 13 strike for 20 cents premium apiece, spread against the purchase of 31,000 puts at the lower December 12 strike for 20 cents each. The sale of the calls exactly offset the cost of buying the puts. Essentially the reversal is a “free” bet that shares of the EWT will trend lower ahead of the 2010. The investor responsible for the transaction is likely long shares of the underlying fund and seeking protection to the downside. If shares fall beneath $12.00, the value of the underlying position is protected. However, if shares of the fund rally by expiration, the trader risks having shares of the stock called from him at $13.00 apiece.

CL - Colgate-Palmolive Co. – Speculation that Reckitt Benckiser Group may acquire Colgate-Palmolive spurred an all-out call option feeding frenzy on CL today and lifted shares of the U.S. company to a new 52-week high of $86.33. Investors flooded the November and December contracts, scooping up call options to position for further upward movement in the price of the underlying. The sudden surge in demand for Colgate-Palmolive options in the midst of takeover chatter boosted…

Cusick’s Corner Shorts seem to be on the defensive, especially after the G20 said that they will continue to provide Viagra, I mean stimulus (read summary below). This current rally is being scrutinized, checking if this is a short squeeze or if there is potentially more traction gaining in sectors that have ...

The big picture of the iShares Taiwan ETF (EWT) shows its powerful upmove since August 27 (10.60) into yesterday’s high at 11.87. Most important, however, is the recent surge above a 4-month resistance plateau in the vicinity of 11.50, which now becomes key support on any pullback. As long as that upside breakout plateau contains any corrective weakness, the overall pattern argues for additional strength that projects next to 12.60 –- on the way to 13.50. I regard all of the action between the April high at 11.51 and the August low as a correction of the powerful upleg from the January low to the April high, which if accurate means that the strength off of the August 27 pivot low is the start of a new upleg within the January-present bull phase.

Every so often, it’s helpful to take stock of the markets and see what’s been happening in the big picture. With that, here are five exchange traded funds (ETFs) that have moved impressively in the last month. When Gary Gordon wrote about the three most impressive ETF movers in the last month, we thought ...

It’s official.  I’ve been highlighting the possibility of a head and shoulders top confirmation on the Dow and S&P for several weeks and now we have confirmation of those formations as both broke through the neck lines this week.  While we’re oversold and could see a minor bounce, the momentum and trend is clearly down [...]

Market Close Live for Monday 9/18/06 Topics covered today: 1) Market Wrap - Indices close flat after an early rally 2) Investors are cautious to make big moves ahead of the FOMC Meeting on Wednesday 3) Big rally in oversold commodity stocks and ETFS -- Time to sell or buy? 4) 5 Stocks that caught Matt's eye today 5) 3 Foreign ETFS breaking out of ascending triangles today 6) Stocks and ETFs mentioned: SZE, EWT, IIF, EWY, SPI, PRSP, EGP, CMCSA 7) "Market Close Live" IS NOW available as a "PODCAST" for those who have MP3 player. If you are interested in learning how to get "Market Close Live" on your MP3 player please email info@pennfinancialgroup.com. ***** TO GET YOUR STOCK/MARKET QUESTIONS ANSWERED YOU CAN EMAIL THEM TO: info@pennfinancialgroup.com