1. Bullish engulfing candlestick on Friday (a particularly bearish day for market)
2. Recent crossover - 7-day JMA crossing up on 10-day DWMA
3. Upward trend line held support on Friday (although this is a weaker signal because, although trend line starts January 2016, it was only established when bottom was reached on 10/30/18)
4. Impending price momentum...
Hi guys,
after a while without good signals now we are ready to buy.
The support did hold FIVE times inthe last days, just when we were in oversold area.
So the downtrend got passed by and the oscilator tells us to buy!
Enjoy your wallet!
Tari.
Hi guys,
this little lateral market is quite to end, it went on for 1 week, I expect a test of the resistence @100.
After we see the level @100 holding we go short!
Price will drop around @70.
Basically it's not a good idea to go short, but it could be a nice one to close some trades and to place a buy order @70.
Enjoy your wallet!
Tari.
Fading the down move here with a put diagonal ... .
Metrics:
Max Loss on Setup: $350/contract
Max Profit on Setup: $100/contract
Break Even: 20.50
Notes: The natural alternatives would be to sell the 30 delta short put or go synthetic covered call via a 70 delta shortie ... . I'm looking for a 3.50 fill, but the setup may need some adjustment at NY open, since...
Deep in my heart I am a contrarian. Whether its investing or anything else, usually I like to take the opposite side of the consensus. For this reason, I have been attracted to the Russian stock market for a couple of years. I'm a big reader of Jim Rogers, and I listen to any new YouTube video he appears, and he initially got me started in Russia in 2015.
With...
The Russian stock market index ETF is acting strongly. I think we can expect continuation of the uptrend within a couple weeks. So, try to go long on dips if not already in. I'm long using $EEM personally, but, both are good now. Longer term, the trend could evolve into a monthly rally, so I wouldn't want to miss it early on.
You can see how the trends acted and...
RSX has been in a relentless downtrend, but has now traded past a lower hi at 18. If OPEC meeting tomorrow is perceived as positive for $OIL, RSX should be on the next leg up with 1st target at 21-22, and then at 25-27. Best.
For whatever reason, Russia is not tied to oil price from the technical analysis point of view, could it be geopolitical issue at play? A Trump win in Nov could lift the sanction? I don't know.
Nonetheless, RSX is poised to run toward 21
VANECK VECTORS RUSSIA has broken the monthly descending wedge with a bullish divergence. Now it seems topping with a bearish divergence for a possible test on breakout area. After the correction i'm expecting a strong wave to the upside. Possible target on chart.
Sell Signal via Bollinger Bands, closing in the bottom channel. (Sell Signal). KST and Coppock are reversing and are pointing down. CMF is flowing out.
The blue support line is critical. Right now the breakout is still tentative. We will how it will close this month. Hopefully it will stay breakout and go above the 10 month MA.
It will be very positive if all red supports can hold and price starts to climb up again to make higher highs and higher lows. We will know in the coming weeks.
Russia has been a hot bed of geopolitical issues through out 2014. However, the Russian stock market has bounced by over 17% year to date(as measured by the RSX etf).
Fundamentals
Since Russia entered into a cease fire with Ukraine the sails have been in stock markets wind. Even with the major positive movement the Russian ETF, RSX is still at a 5 year low. The...
