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 (NYSE:

) has been acting well lately. Materials stocks look a little overbought here, so trade the ProShares UltraShort Basic Materials (NYSE:

). Same goes for small-caps, so give the Direxion Daily Small Cap Bear 3X Shares (NYSE:

) a look. Earnings play: ProShares UltraShort Financials (NYSE:

). Emerging markets plays of the day: Market Vectors Vietnam ETF (NYSE:

), iShares MSCI Malaysia Index Fund (NYSE:

) and the iShares MSCI Turkey Investable Market Index Fund (NYSE:

). Forex play of the day: CurrencyShares Australian Dollar Trust (NYSE:

). Bond play of the day: ProShares UltraShort 20+ Year Treasury (NYSE: