[RSX] Market Vectors Russia ($11.850) - A double top break at $12.0 for RSX was actually the fourth near-term buy signal for the fund. The November lows at $10.50 have thus far been held after being testing a handful of times. Russia is among the most punished markets during the bear market but traction is forming and bottom-fish plays may be considered. Stops are available at 10.25 and we will update the picture as it develops. For now, trend is negative, RS is in X's and near-term the fund is on a buy signal.
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