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 (NYSE:
VXX
). The iShares MSCI Japan Index Fund (NYSE:
EWJ
) looks like a decent defensive play. We still like the ProShares UltraShort Basic Materials (NYSE:
SMN
). Play oil with the ProShares Ultra DJ-UBS Crude Oil (NYSE:
UCO
). Emerging markets plays of the day: ProShares UltraShort FTSE China 25 (NYSE:
FXP
), Direxion Daily Emerging Markets Bear 3X Shares (NYSE:
EDZ
) and the Market Vectors Vietnam ETF (NYSE:
VNM
). Forex play of the day: PowerShares DB US Dollar Index Bullish (NYSE:
UUP
). Bond play of the day: Vanguard Total Bond Market ETF (NYSE:
BND
).
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