This post was just published on ZYX Short Change Alert.
The Defense Secretary Chuck Hagel has just stated that Syria has likely used chemical weapons. Obama is on the record that the U.S. will not tolerate Syria using chemical weapons.
Turkey is Syria’s neighbor and is likely to see a big inflow of refugees if the U.S. gets involved. Moreover the stock market in Turkey is flying high.
TUR is an ETF that represents Turkey.
Consider initiating a 20% tranche short in TUR in the zone of $71-$74. Large accounts may use two tranches. Stop zone on half of the position in the zone of $77.32-77.78 and for the other half in the zone of $81.37-82.33.
Target zone is $52-57.
