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RSX

RSX: Time@Mode case study - Weekly uptrend, new signal soonThe 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 were predictable using the 'Time at mode' methodology in this timeframe. The last signal time expired, so we are waiting for a new 14 week or longer uptrend signal to form here. Potentially, it can rally following the yellow arrow on chart, if it does indeed trigger a new uptrend signal. Good luck, Ivan Labrie.
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by IvanLabrie
Has Russia Bottomed Out?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 Russian economy depends heavily on oil and gas production, which accounts for 70% of Russian exports and approx 50% of the budget. Since entering into a recession in early 2014, clearly its economy has been hit hard by lower oil prices . As Oil companies, adjust for lower oil prices, but reducing exploration and reducing rigg counts, you can clearly make a case for higher Oil, later on in the year. Also if there are any, reduction in OPEC supply this will be good for the Russian economy as well, which will directly translate to good earning for Russian oil companies. Russia has been very volatile lately and has experienced a downgrade, however its not likely that there will be a debt default situation since Russia's reserves can cover them for at least 2 years, the debt to GDP is lower then most other countries and its depressed currency will help to increase exports on the open market. All of these factors have the potential to give the economy a bit of boost and deliver it out of recession. The one dark cloud, is the continued sanctions that are being imposed by The US and other European countries, which have been extended for another year. Technicals After reviewing the monthly chart of RSX, its appears that its may have bottomed. The RSI indicator, has moved above over sold territory. The last time the RSI indicator was in oversold territory was during the 2008 market crash and it staged a massive rally over the last 5 years. After reviewing the Fibonacci retracement levels the stock is just below the 23.6% level. Going at its current trajectory if it breaks that level it will indicate that its being a new uptrend. The Trade Currently, RSX is trading at $17.38. I see this as a long term investment, but I believe there is plenty of room to trade it. Trading Targets ( 1 - 6 months) Short Term profit target is: $21.35(23.6% Fib Level) Short Term Stop Loss: 16.86 (3% Stop) Investment Targets ( 1 - 5 years) Long Term profit target: $40.16(61.8% Fib Level) Long Term Stop Loss: $14.06( Previous Low)
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by CamariEllis
Experiencing a Russian NeurosisSelf-inflicting wounds provide the best opportunity when markets mirror an emotional response that diverges from the economic realities of a nation awash in resources. Patience is an investors best friend and when pull backs occur, we take notice and begin positioning ourselves to benefit from a shift in social mood or rather a saturation in news that provides a base. To understand how to trade this chart: www.chann3ls.com Free Month Trial available from www.chann3ls.com
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by MarketAlly
Russia Big/Small caps ratioRatio rejected again at 2,618 fib, printing an ominous weekly candle so far. As M. Armstrong reports, "more than 64billion$ of investing capital left the country during the first quarter of the year. Credit war is on, as Russia cancels bond sales for 7th time in in row, since couldn't find any buyers in the international markets, pressing interest rates to soar". armstrongeconomics.com armstrongeconomics.com Ratio says it pays to be short large caps and long small caps, as RSXJ looks like finding a short term bottom around 28.5$ area. Cheers P
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by pantheo