Here is the ETF Professor's ETF Watch List for Thursday December 20, 2012.

Keep an eye on the iPath S&P 500 VIX Short-Term Futures ETN (VXX).

The iShares MSCI Germany Index Fund (EWG) is worth a look.

Can the Market Vectors Steel ETF (SLX) keep its rally going?

Emerging markets plays of the day: WisdomTree India Earnings ETF (EPI), First Trust South Korea AlphaDEX Fund (FKO) and the Direxion Daily Latin America Bull 3X Shares (LBJ).

Bond play of the day: iShares S&P CA AMT-Free Municipal Bond ETF (CMF).

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

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