Market Update – Major reversal seen in Russia

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Major reversal in Russia ( RSX , quote ) coming off the bottom.

Image courtesy Andrey: http://www.everystockphoto.com/photographer.php?photographer_id=2510

Note the reversal on April 23rd that was a powerful turn on intraday and began the move.  Funny how now a bunch of global houses making overweight Russia calls.

Also interesting a lot of this has happened as Gold ( GLD , quote ) has been front and center with its move lower and a focus on deflation.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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