Russia’s trapped domestic investors push stock market to 2-years high.
Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict.
A rise of more than...
At this juncture , I think not many traders would want to trade this two products , the Russian index or the USDRUB currency.
The stock market has tanked and been ordered to close its operation and investors , especially those who owned Russian stocks through ETFs or other products are either busy selling off their shares or considering a total loss.
Same...
This is an event based chart for context on the current Ukraine/Russia war. Crimea was certainly different but the comparison could be valuable. What I can gleen from this is markets bottomed when bilateral talks began. Whether Russia defaults or not remains to be seen (bond payment is due Mid March)
RTS is finishing wave a of larger E of the triangle. Trough should be expected sometimes in June-Sept later this year. Short term is bullish in wave b of E.
Geopolitical Outlook
There is huge fear surrounding Russian investment and you often see investors holding tight stop losses leading to a very new reactive market. Putin is no stranger to the political chess game. The Russian economy has taken a slight pullback recently with the tensions in Ukraine and the emergence of the ... bug variant that recently emerged....
RTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
After a monster move up from the bottom it seems Russia index is getting tired and needs at least
a pause (correction through time) if not a nice correction. Of course, this is part of the overall
market analysis outside of the US.
Select Emerging Market ETFs (U.S. listed in $USD) falling since Jan 2021, not like the IXIC (Nasdaq Composite Index) only since mid Feb: Russia RSX, Brazil EWZ, Mexico EWW, South Korea EWY, Thailand THD, New Zealand (ENZL - small market, not emerging market).
This is a Russia ETF.
More info here
www.vaneck.com
The chart pattern is showing a "cup n handle",
go long if we can breakout of this resistance $26.42
More on cup n handle pattern.
www.investopedia.com
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs.
Here are a few acquisition ideas...
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
Yesterday I made the case that presuming the end of the bear may be a bit premature. Comparing the weekly chart to the weekly chart of 2015 shows this as well.
I'm comparing this weeks candle to the candle of the 29th of June. Now here is where I'm being a bit premature, as this weeks candle is still young and bitcoin being bitcoin could close anywhere between 0...
Alas, she couldn't break through the upper resistance trend line this time around. I think she's run out of gas and needs a pullback to refuel. RSX shows a sharp peak and rapid decline, and DPMO shows a textbook false top > actual top > crossover. The trend remains bullish but needs to cool down and give it the opportunity to gradually build some positive...
