ETFs to Watch September 29, 2011

Here is the ETF Professor's ETF Watch List for Thursday September 29, 2011. It's time to buy some volatility with the iPath S&P 500 VIX Short-Term Futures ETN VXX. The iShares MSCI Japan Index Fund EWJ looks like a decent defensive play. We still like the ProShares UltraShort Basic Materials SMN. Play oil with the ProShares Ultra DJ-UBS Crude Oil UCO. Emerging markets plays of the day: ProShares UltraShort FTSE China 25 FXP, Direxion Daily Emerging Markets Bear 3X Shares EDZ and the Market Vectors Vietnam ETF VNM. Forex play of the day: PowerShares DB US Dollar Index Bullish UUP. Bond play of the day: Vanguard Total Bond Market ETF BND.