With Russia hated by so many in the US, its easy to miss the great investing opportunities in Russia. For starters, their market PE ratio is only 5.67, compared to the US 27. Secondly, Russia has a ton of agricultural land that is poised for growth and innovation. I am trying to find a way to play Russian Agriculture specifically, but as of right now, I haven't found a reliable answer. If one of y'all has any ideas, please let me know!
Nevertheless, looking at the weekly charts, RSX has been beaten up since 2011.However, RSX did just break its 200 MA in a manner, so I took the long side at 20.78 with a stop loss at 19.31, I am currently risking 0.50% of my capital on this trade. I have moved up my stop a little bit as the share price rises.
Regardless of what happens to Russia, I am very comfortable with this trade and expect it to deliver asymmetric results. If not, I lose less than 1% of my capital.
All the best,