Here is the ETF Professor's ETF Watch List for Wednesday November 28, 2012:

Again, the Market Vectors Gold Miners ETF (GDX) looks poised for downside.

Defensive play of the day: iShares S&P Global Consumer Staples Index Fund (KXI).

The U.S. Natural Gas Fund (UNG) might be primed for some upside after a two-day pullback.

Emerging markets plays of the day: Global X FTSE Argentina 20 ETF (ARGT), iShares MSCI South Korea Index Fund (EWY) and the WisdomTree Emerging Markets Equity Income Fund (DEM).

Forex play of the day: WisdomTree Dreyfus Emerging Currency ETF (CEW).

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

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