With my Russian steel play MTL ripping today (daytraded most of it, might swing the rest), check out the RSX, market vectors ETF for Russia.
That weekly chart, below, shows a tidy looking inverse head and shoulders bottom with a $27.90 trigger.
MBT is another Russian ADR of interest.
Also, be sure to check out my Weekly Strategy Session, with the latest version set to be published this Sunday. I will cover plenty of relevant market issues, and present tons of actionable trading ideas on top of the educational analysis.
Please click here for more details about trying it out.
Have a great weekend!
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I’ve been holding RSX for ages, it’s been a tough hold.
Major holdings in RSX are oil related; maybe you’re right, and this says something about who is really winning in Syria and why it’s being fought over.
You have staying power, sir.