ETFs to Watch January 31, 2013 (DBC, ELD, YCS)

Here is the ETF Professor's ETF Watch List for Thursday January 31, 2013.

With small-caps looking weak, give the Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA) a spin.

The PowerShares DB Commodity Index Tracking ETF (NYSE: DBC) is looking interesting.

Give the WisdomTree Global ex-US Utilities ETF (NYSE: DBU) a look.

Emerging markets plays of the day: ProShares UltraShort MSCI Brazil (NYSE: BZQ), Global X FTSE ASEAN 40 ETF (NYSE: ASEA) and the Global X FTSE Colombia 20 ETF (NYSE: GXG).

Forex play of the day: ProShares UltraShort Yen (NYSE: YCS).

Bond play of the day: WisdomTree Emerging Markets Local Debt ETF (NYSE: ELD).