Here is the ETF Professor's ETF Watch List for Thursday January 24, 2012.

The Direxion Daily Technology Bear 3X Shares (NYSE: TECS) is certainly worth a look.

Index play of the day: ProShares UltraShort QQQ (QID).

The Market Vectors Gold Miners ETF (GDX) continues to look bearish.

Emerging markets plays of the day: ProShares UltraShort MSCI Brazil (BZQ), Market Vectors Vietnam ETF (VNM) and the iShares MSCI South Africa Index Fund (EZA).

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

Bond play of the day: WisdomTree Asia Local Debt ETF (ALD).

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