ETF picks for QE3

Let's start off by naming the big ETF winners from QE2. They were:

Oil services (OIH), Oil & Gas Exploration & Production (XOP), Energy (XLE), Coal (KOL), Metals & Mining (XME), Natural gas (FCG), Global energy (IXC), Rogers Agriculture (RJA), Small Cap growth (IWO), Private equity (PSP), and ishares Silver (SLV), iShares Oil equipment (IEZ).

We like a few of these ETFs for QE3, but you may be surprised at some of the ETFs we're looking at to outperform in the coming months. They are UYG, NUGT, UYM, PIO, SIVR, XLB, IBB, and short TLT.

Ultra Financials (UYG): Over the past 12 months ProShares Ultra Financials (UYG) shares have traded between $31.65 and its 52-week high of $64.41.

Gold Miners Bull (NUGT): Over the past 12 months Direxion Daily Gold Miners Bull 3X Shrs (NUGT) shares have traded between $7.690 and its 52-week high of $43.36.



ProShares Ultra Basic Materials: (UYM) Over the past 12 months ProShares Ultra Basic Materials (UYM) shares have traded between $22.04 and its 52-week high of $42.09. 



PowerShares Global Water (PIO): Over the past 12 months PowerShares Global Water (PIO) shares have traded between $14.76 and its 52-week high of $18.35. 



Physical Silver Shares (SIVR): Over the past 12 months ETFS Physical Silver Shares (SIVR) shares have traded between $25.92 and its 52-week high of $40.65. 



Materials (XLB): Over the past 12 months Materials Select Sector SPDR (XLB) shares have traded between $27.77 and its 52-week high of $37.97. 



iShares Nasdaq Biotechnology (IBB): Over the past 12 months iShares Nasdaq Biotechnology (IBB) shares have traded between $87.66 and its 52-week high of $141.5. 



iShares Barclays 20+ Year Treas Bond (TLT): Over the past 12 months iShares Barclays 20+ Year Treas Bond (TLT) shares have traded between $109.6 and its 52-week high of $132.2.