Here is the ETF Professor's ETF Watch List for Thursday, February 21, 2013.

The Direxion Daily Technology Bear 3X Shares (NYSE: TECS) should be in play.

Get defensive with the Utilities Select Sector SPDR (XLU).

Keep an eye on the SPDR S&P Homebuilders ETF (XHB).

Emerging markets plays of the day: ProShares UltraShort FTSE China 25 (FXP), Direxion Daily Emerging Markets 3X Bear Shares (EDZ) and the Global X FTSE ASEAN 40 ETF (ASEA).

Forex play of the day: PowerShares DB Dollar Bullish (UUP).

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

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