Here is the ETF Professor's ETF Watch List for Wednesday, December 12, 2012.

The SPDR S&P Dividend ETF (SDY) seems to be perking up a bit.

Developed market play of the day: iShares MSCI Japan Index Fund (EWJ).

Leveraged play of the day: Direxion Daily Small Cap Bull 3X Shares (TNA).

Emerging markets plays of the day: Market Vectors Brazil Small-Cap ETF (BRF), Market Vectors Poland ETF (PLND) and the Global X FTSE Colombia 20 ETF (GXG).

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

Bond play of the day: iShares Emerging Markets High Yield Bond ETF (EMHY).

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