ETFs to Watch October 3, 2012 (EUO, SQQQ, RSX)

Here is the ETF Professor's ETF Watch List for Wednesday October 3, 2012.

Obvious play of the day: Vanguard Emerging Markets ETF (NYSE:VWO).

Index play of the day: ProShares UltraPro Short QQQ (NASDAQ:SQQQ).

The Vanguard REIT Index ETF (NYSE:VNQ) might be worth a look.

Another international play: iShares MSCI Japan Index Fund (NYSE:EWJ).

Emerging markets plays of the day: iShares MSCI South Korea Index Fund (NYSE:EWY), Market Vectors Russia ETF (NYSE:RSX) and the iShares MSCI Taiwan Index Fund (NYSE:EWT).

Forex play of the day: ProShares UltraShort Euro (NYSE:EUO).

Bond play of the day: Market Vectors High-Yield Muni ETF (NYSE:HYD).