That's one of the 'political' factors I was actually referring to earlier which might negatively affect RUSS yet potentially in the short term. There is an added positive hysteria for Russia due to Trump related speculations.
I think the speculations are mostly just speculations and being over hyped into the RSX, but it is affecting RSX even more so, along with Crude Oil.
I was hoping Trump would not nominate Exxon CEO Tillerson, which market perceives as a positive Russian bias (not good for RUSS).
Unfortunately Trump did nominate him so we'll see what happens yet.
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RUSS is getting pummeled by numerous factors above usual, including a lot of recent news item surprises.
Not only is RSX part of the overall stock market melt up at year end, but it got helped by surprise by news over weekend about more agreements on Oil cuts by non-OPEC countries, and now today this nomination by Trump of a Sec of State with a perceived pro-Russian bias.
Practically everything that can go wrong with RUSS over past few days is suddenly occurring (just my luck!!)... But it is creating an eventual huge buy opportunity at some point, whether it be now or by end of December.
I have avg here of 6.60 & have a stop-loss set @ approx 6.14 (G-T-C), which I already e-mailed subscribers about earlier.
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Pre-Market today:
I'm setting a Stop-Loss @ 6.14 (G-T-C) on RUSS until further notice based on latest trading activity.
I personally already added to it Monday (12/12) @ 6.31, so I have an effective average of 6.60 approx.
If anyone following wants to add today for 2nd time along with me, then only do it as a personal option & I suggest that anyone only do at a Limit of 6.40 on the 2nd time.
***Go to my 'Profile' for more information on following me***
