ETFs to Watch October 13, 2011

Here is the ETF Professor's ETF Watch List for Thursday October 13, 2011. The Market Vectors Steel ETF SLX has been acting well lately. Materials stocks look a little overbought here, so trade the ProShares UltraShort Basic Materials SMN. Same goes for small-caps, so give the Direxion Daily Small Cap Bear 3X Shares TZA a look. Earnings play: ProShares UltraShort Financials SKF. Emerging markets plays of the day: Market Vectors Vietnam ETF VNM, iShares MSCI Malaysia Index Fund EWM and the iShares MSCI Turkey Investable Market Index Fund TUR. Forex play of the day: CurrencyShares Australian Dollar Trust FXA. Bond play of the day: ProShares UltraShort 20+ Year Treasury TBT.