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This is why emerging markets always gives your chance and why I don’t chase

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This is why emerging markets always gives your chance and why I don't chase stocks. Image courtesy Komarov Andrey: http://www.photoxpress.com/search-stock-photos-photographer/Komarov+Andrey/880647

Turkey just 2 weeks ago was +14.5% YTD and on a tear and now -8.8% in USD terms and challenging levels back to late October with no signs of softening tone by Prime Minister Erdogan regarding protests.

In emerging markets you will eventually get your price, especially when charts look like Turkey did.

Using the iShares MSCI Turkey Index Fund ( TUR , quote ) ETF as your guide watch $58.50 as a level to be excited about.

Currently you are 9% from there when it opens today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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