Trader Tony » rsx

Russian Stock Market Update. (27.08.09)

tradertony — Thu, 27 Aug 2009 16:30:21 +0000

Even though, I said the Russian Stocks are ready to BOOM, I was a little wrong with timing. It looks like at the near future we will be facing a profit taking across all major sectors. Oil has already failed to rise above 75$ (for the 4th time already!) and some negative news have send US stocks also lower. Thus, I would advice to sell your longs and step back for awhile.

The current action looks like a classic distribution by bigger players, who were unloading their longs into the crowd. For the past couple of days, every open was met by a selloff.

My projection, is that we are stuck in a conjection area (20.00-25.00) for some time. I expect the market to continue lower, and RSX to reach 21.00-20.00 at some point. That’s a great buying point, which should coincide with 950-960 in SPX.

Russia stocks are ready to break out! (21.08.09)

tradertony — Fri, 21 Aug 2009 15:42:21 +0000

Due to the current rise in OIL and GOLD emerging markets are on the move again. Some of them were hit pretty badly in the beginning of last year and most of them were heavily undervalued. With the coming upward move among all asset classes, emerging markets are going to be one of the top winners.

I would suggest to buy here with the target at 30.00-32.00. That’s more that a 30% return on your investment.

By buying Sep@25.00 Calls for $0.90 right now, you can get a 500%-700% return in ONLY ONE MONTH. Please be advised though, that options are risky instruments for a novice trader, so I would suggest to read more about them. One of the best sources to learn options trading is MarketWatch. Click to get your Free 30 Day Trial of MarketWatch’s Proactive Options Trader Newsletter.

Russian Stock Market (13.07)

tradertony — Mon, 13 Jul 2009 16:14:30 +0000

Its bee awhile since my last analysis on anything but index futures and currencies. Today I am going to offer you RSX – Market Vectors Russia ETF. As every emerging market, Russian is also very dependent on commodity prices. Every dollar move in OIL, moves Russian stocks. So, should oil prices pick up again, Russia will thrive also.

My suggestion is to purchase 1/2 of your initial position today and put a stop below 17.50$. When we rise above 19.00-20.00 (meaning we have broken above resisting down trend line) add another 1/2 to your position. My targets are 26.00-27.00 and 32.00-34.00. By risking only 0.60-0.70 you may make ten times that amount. That’s a pretty good Risk/Reward.