By Ashley Moore
Shah recommends the Direxion Daily European Financials Bear 1x Shares ETF (NYSE Arca: EUFS) to short the banks in the Eurozone. The fund is set up to gain the same amount that the European Financials Index loses in a day.
To short the euro, Shah recommends the ProShares Ultrashort Euro ETF (NYSE Arca: EUO). The goal of this fund is to gain twice the daily losses of the euro. If the euro declines by 5%, you stand to make 10%. Both will allow you to profit from the uncertainty in the Eurozone.
The Bottom Line: While some investors are panicking after this week’s Greek debt news, that’s the worst thing you can do. Even though they did not get a deal yesterday, they will eventually get one. Until that happens, take advantage of the dip and profit from the euro and Eurozone banks.
Source: Money Morning
http://dailytradealert.com/2017/05/24/w ... portunity/