Direxion Daily Russia Bear 3X (RUSS)

[surf1944]

Bought back some RUSS this morning!

[surf1944]

Sold my RUSS!

[surf1944]

Can go much higher in time!

https://stockcharts.com/h-sc/ui?s=russ&p=D&yr=0&mn=16&dy=0&id=p38090673899

[surf1944]

https://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=6&dy=0&id=p38090673899

[bilyjak]

6 month low $ 5.57
This has got to be close to bottom.

[bilyjak]

Bottom of another trough???

[bilyjak]

Here we goooooo!!!!! Picked up some the other day. Let's keep the ball rolling.

[bilyjak]

Come on RUSS! Let's bounce a little.

[bilyjak]

I hope this doesn't R/S again.

[surf1944]

Have been adding on weakness to this short fund!

[surf1944]

Took a position today at $13.50

https://stockcharts.com/h-sc/ui?s=russ&p=D&yr=0&mn=6&dy=0&id=p38090673899

[DeafTrader2]

Take A Look At Today's News On Russian Rubies. US Dollars Is Tanking Russian Rubies.

[bilyjak]

What the H*LL is going on here today!

[bilyjak]

This dog may never hunt again. I still have a few shares as a hedge though.

[CashFreeze]

Looks like you were right

[THREE-DAY-TRADER]

Mid-5's could be a buy, however.

[CashFreeze]

I honestly switched gears into DGAZ and glad I did

[THREE-DAY-TRADER]

New Lows into upper 5's so far in morning. Glad I went & stayed on sidelines yet for the time being.
5's hitting as I was worried about.

[THREE-DAY-TRADER]

Same as before $ir that I mentioned.
Got it on radar watch for potential re-entry, and still cautious for time being on RUSS.

Also Notice how the RSX is outperforming basic stock market, which is down now as I post this... Its a bullish sign yet for RSX how it 'Trumps' everything else currently.

Been more focused the last few weeks on OTC Subpenny stocks in the mean time. Some of the trades posted on my board and many more may yet to come.
Been doing well on them overall since early November

[CashFreeze]

Thinking about a dip in RUSS?

[CashFreeze]

RSX seems to be leveling and could drop. I've been flipping shares here but still holding a few

[THREE-DAY-TRADER]

$RUSS stuck in a trading range for the time being... Keeps me cautious on it yet.
Interesting to see if 20+ holds on the RSX. Otherwise it looks set up on Daily Chart for a decline from what appears so far, particularly if 20 on RSX breaks down.

[CashFreeze]

RUSS been beaten down pretty bad. Think this has more than a one day pop on it

[THREE-DAY-TRADER]

So good for you... how its turning out so far ;)
But Yeah, I didn't bank on the FOMC to use such strong rhetoric today. The 1/4 pt increase was as expected, but the market data & language by FOMC is being viewed negatively by stock market--- helping $RUSS.
It's always an uncertain 'gamble' before the FOMC meetings (& 'Minutes' meetings) as to what may happen.
It's my big time F'Up not holding or for not re-entering quickly on this one.
We'll see how market reacts yet after today, however.

In terms of FOMC today with $GOLD however, it's getting hammered along with $JNUG. So at least that's good for those of us that have been watching it for a while, and not touching it before FOMC meeting... And glad I waited!
Shaping up to be a nice opportunity fairly soon.
The Data today in combination with the FOMC strong language for Rate hike expectation possibilities in 2017 really hitting Gold for the same reasons as the stock market's reaction right now (to sell stocks today in afternoon, for the time being)

[CashFreeze]

RUSS holding well. May have room to run further. Holding

[THREE-DAY-TRADER]

Ok, so you understand where I'm coming from in that post.
And also note that the EIA Crude Oil report is due out this AM, and that's another catalyst that could make this RUSS go either way --- in addition to the FOMC rate decision today 12/14 in afternoon.

(Earlier I said FOMC is tomorrow, but I meant today).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127234691

[CashFreeze]

I filled yesterday and I'm waiting to add here. I see RSX attempting to hit yesterday's high before today is over. I won't be fooled by this early morning dip. Dow will hit 20k and RSX will hit 22+

[THREE-DAY-TRADER]

I've decided to be cautious on this yet (after going back on sidelines) until after tomorrow's FOMC rate decision.
Guessing about FOMC or being exposed beforehand is always a gamble. My thinking however, is that market (with RSX) may go upward more afterwards.
We'll see yet.
But it is risky assuming RUSS has bottomed beforehand, although I see its finally up somewhat in early morning.

[StockBull]

Yea, this is like catching a falling knife at this point. Russia strong like bull thanks to Mr. Trump. I can see this recovering, but have yet to see bottom of any kind. It looks like RSX really wants to clear $22. On the bright side, when it finally runs out of steam (RSI majorly overbought), RUSS will benefit. Too many green days in a row for RSX to continue this momentum.

[THREE-DAY-TRADER]

At this point it looks like RSX want to get to at least 22+ & an RSI potentially over 90+. Today RSI around 83-84.

And then we have the FOMC meeting result Wednesday, so things could get a lot crazier (in any direction).
I think a 1/4 pt raise is on order as market expects, which likely would bode well for stocks within expectations and possibly push them up even more, so long as Fed statements are also in line with what market wants to hear.

[value1008]

Yesterday i pulled my bid at 6.31 to wait this out; I've got some initial bids at different levels in upper and low $5s on RUSS, just in case it gets really gnarly with momo traders running up the RSX.

[CashFreeze]

Filled 1st bag here

[THREE-DAY-TRADER]

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.


---------------------------------------------------------------------------------------------------

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.

[value1008]

Three-day, i'm wondering if some of this strong action for the RSX is simply the unprecedented fact that with Trump and at least three of his key choices for high-level positions, we are seeing the most pro-Russia (and specifically pro-Putin) administration in U.S. history.

[THREE-DAY-TRADER]

Monday Dec 12 afternoon RUSS was showing good capitulation signs short term, but I wake up today and see factors setting up as opposite with a market melt up seeming determined to continue uet.
So I'm going to be considering a stop-loss move possibly today while in 6's.
I'll alert whenever I make an official move and potentially go to sidelines.
Just don't want this to become a large double % loss.

[THREE-DAY-TRADER]

....If I turn out wrong on this trade from these recent approx levels, then it would only be due to an unusual set circumstances running me over (caused by end of year continued melt up yet &/or from unusually favorable Russian political developments)... and anything is possible.
All trades are a risk.

[THREE-DAY-TRADER]

You can see WTI Crude Oil receding from earlier highs as an added reason to think this is RUSS is close to short term capitulation. I think (as said earlier) that Oil is near topping out & that the weekend news of non OPEC members agreeing to some cuts is being over hyped.

I'm gonna stick to what I basically said since Friday, that RUSS should be done going down most likely no later than this Mon-Tues for short term & that 21 or approx lower 21 area on RSX is likely a top area.

Your 22-24 fear occurring I think is a consideration to worry about at some point, but is more applicable to the next leg up phase after this thing first has a pull back (such as at least toward 20 or 19).
RSX has been crazily upward parabolic too quickly in past few days.
We'll see what happens yet. But I just think this RUSS is due up here from 6's approx for a decent trade back toward upper 7's, maybe 8-9.

It could turn out that your original speculation to wait for 6.40, etc, may be approx correct for entry.
That said, I think RSX might not have been up today or not up as much as it has been today (with RUSS bottoming last Friday near 6.80's), had it not been for that surprise news Sunday from the non-OPEC members agreeing to some Oil output cuts.

[value1008]

Here's a 5-yr chart from Stockhouse (i don't know if it will properly display here for long before going back to minimalist default levels), and i begin to wonder if momo traders are going to take the RSX up to older horizontal shareprice areas around $22-24. At $23, the RUSS would be down to (gulp!) low $5s. At RSX hitting $24 or $25, RUSS would be in the toilet. But i'd probably be buying a substantial position there for an eventual RSX fall / RUSS rebound.

You're right: it's crazy that RSX has been up 9 days in a row. But we've seen stranger things..... So it could go 10, 11 or 12 days. Or even if there's a little dip into the red one day, it could resume going up another few to several days.

I'm being very cautious here-- but then i usually am when playing these 3x etfs, even though sometimes that means missing the bottom and subsequent substantial moves up. Just my trading style.

[THREE-DAY-TRADER]

What you said is an added possibility, but I wouldn't bet on this with that hope in mind.
And yes, I'm also thinking Oil is near a top, which is why I started entry on this recently.
The added OPEC related news was a surprise yesterday, & I don't think it's sustainable in terms of Crude Oil going up too much more.
I may have mentioned here recently I was looking for 52-53 or 54, perhaps for Oil area toppiness to occur (but didn't expect news over weekend to affect it).

Today makes 9 straight days down on RUSS... Crazy.

[value1008]

Three-Day, i realize now i'd placed a Day order, not a GTC on those shares at 6.42... so i'm still not in this one.

A question: do you think the CIA's newest report, that more strongly claims that Russians were hacking our political process, will lead to an almost "nationalist" boycotting of Russian stocks by investors here and in our ally countries?

If so, this could be an added factor to weaken the RSX....

Meanwhile, i'm still carefully looking at that RSX and obviously that price of oil to see where these might top out, before i do anything more than nibble on some RUSS shares.

Thanks for your thoughts....

[THREE-DAY-TRADER]

Appears you got your with for lower into approx 6.40's.
That said, I think this is ripe for a turn around soon.

Crude Oil going up today added over news for OPEC & non-OPEC countries agreeing to output cuts Sunday is what surprisingly affected this more to downside.
(being that RSX is heavily weighted with some energy stocks)

[THREE-DAY-TRADER]

It's all about the 21 area on RSX right now, which is current resistance.
It was treading a fine line & tight trading area all day today.
Today marks 8 straight days in a row in red for RUSS. It's due for a bounce soon. Possibly Monday or by Tuesday next week (Dec 12-13) we may get it.


RSX is really quite overbought, and sure it's possible a little upside yet could occur.
But it seems reasonable that it'll pull back toward 20 or even 19 fairly soon.
I realize there is risk yet of a melt-up in the overall market, but I'm starting to question this intense run up in such a quite short period of time as appearing excessively euphoric.

Thanks for your input & kind wishes
:)

[value1008]

Pre-market bids back above $7-- looks like you may get that bounce today Let's hope....

[value1008]

A very interesting trade you've identified here, Three-Day. Yes, at some point this has to bounce. My concern is that a lot of the RSX action is Trump-fueled, and there has been an amazing amount of strength in different sectors (not to mention the general indices) on the Trump win of the presidency (a win, not at all in the popular vote, but in the Electoral College).

Moreover, some of the articles at SeekingAlpha on Russian stock market (see SA articles for RSX or ERUS) make that market look bullish on several fundamental points (like P/E)....

Technically, though the RSX looks overbought on its RSI, the volume on all these recent green days has been very robust. And the Wilder ADX for the RSX shows a "strong trend" in positive direction, with the leading green-line indicator way up at 52 and showing no signs yet of coming back down to rejoin the black line (at 30).

So i'm thinking of putting in bids for RUSS down in 6.40s.... I think the momo traders could run higher with RSX in this bullish trend that smacks (imo) of no small amount of "irrational exuberance" about the markets.

Having said all that, i hope RUSS has a beautiful bounce starting TODAY for all of you folks currently in it!

[THREE-DAY-TRADER]

Some more perspective on this trade:

After hrs early on so far it was showing 6.90-7.00 ask all evening.
That said, it could bounce anytime.
Just looking for a quick flip here, not a trend reversal. I'll take first approx bounce area it gives me, which should be at least 10%+.
This is so oversold that at a move back up to 7.85-8 it would be a nice double digit return(12-15%) from 6.90-7.10 and that would be only looking for a rebound to an avg mean of 9 day avg approx.
My trade is not looking for crazy huge moves up or greedy hope for trend reversal.
It is also reasonable that it could get to 8.50-9 within 2-3 days on a short term volatile move, and that would be a 20-30% profit from today... which exemplifies how oversold RUSS is.
If RUSS goes to 8-9 or even 10, the RSX uptrend overall is still intact.
I'm just playing a modest return to a short term avg means (such as 5, 9, or 20 day avg areas)

Also realize one can scale-in 2 times, not go all in today, etc. I'm not planning a major scale-in, but just saying one could do it at 7.00 and maybe 6.50-6.75 if it happens to get some pressure down yet, then set a stop-loss a little below that.
And in terms of selling, it may be wise to scale out similarly by selling half on first eventual gap up, and then wait to see what happens in next 1-2 following days with last half, just in case it pulls back after only one day up move, or in case it does get 2-3 days run up. It's a matter of playing this knowing one does not know how high it will pop when it does, but still averaging out with a good % profit (quickly) and not staying in it with an excessive long hold period.


FYI ~~ My Alerted UGAZ & LABD trades (for quick flips successfully for double digit % profits) back in November & August were applying approx same tactic & similar metrics for buy signal as RUSS is today for me.

[THREE-DAY-TRADER]

Alerted entry start on $RUSS earlier today @ 6.88-7.00 area.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127118499

We'll see what happens.
Possible a little downside risk yet, but I think it's close.
Just looking for a quick trade flip --- not a longer term swing trade trend reversal.

I realize the energy such as $Crude Oil can affect this trade. I think Oil is toppy near 52-53 area most likely.
(And certainly better risk than DGAZ right now, which I've been patiently watching. I played UGAZ for a quick flip of 16-20% back in November right at its lows of 20.50-21 to 24. I'm aware I sold early or that I should've re-entered 21-22, but I am always happy to make consistent profits whenever I can with few regrets)

[THREE-DAY-TRADER]

You're Welcome --- I appreciate your cander, but save half of your thanks for when/if we make $$$ on this trade.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127118499
That said, i'm glad you got my e-mail Alert on time.
It's evidence people can follow me on a timely-reactive basis if they set themselves up right (such as widgets on smart phone for e-mails & Apps for broker access, etc.)

[StockBull]

I totally jumped into RUSS today at $6.95. As always, thank you for your alerts.

[THREE-DAY-TRADER]

Alerted $RUSS today in late afternoon to my private e-mail subscribers from 6.88-7.00 area with suggested Limit entry @ 7.10
(subscribers always get my Alerts & info on trades first).
(Also plenty of ability to enter this after hrs with lots of liquidity on the Ask @ 7-6.60's.)
Just looking for a short term quick flip -- not a trend reversal type of swing trade longer term.
$RUSS may still see mid-6's yet in interim short term(or ??), but it's close to done going down soon in my view.
RUSS been down 7 straight days --- very usual in contrast to the past, and is one statistic to be aware from a contrarian trading perspective.

We'll see if RSX 21 area resistance holds.

I see eventual short term flip ability towards 7.85-9's (for 12-30% upside).
I'm using similar criteria & technical metrics with strategy on RUSS as previously applied on UGAZ in November & LABD in August (all for double digit % quick trade flips)









[img]
stockcharts.com/c-sc/sc?s=RSX&p=D&yr=0&mn=7&dy=0&i=t76934411557&r=1481242893813[/img]

[THREE-DAY-TRADER]

I'm not trying to predict a trend reversal (as you may notice in my posts here recently).
Just talking about how it is getting to a point one can play some quick 1 or even 2-3 day moves off of oversold levels. That can be done much more easily than predicting a trend reversal. THAT"S WHAT I DO ON STOCKS USUALLY (I don't look for trend reversals, just quick short term trades).