Market Update – Russia

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Russia's ( RSX , quote ) Risk/Reward in your favor near the 1250 level on the MICEX.

Image courtesy A.Savin: http://en.wikipedia.org/wiki/File:MICEX.jpg

Russia thrashing around and can be owned on next move lower if not before as long as index holds 1250.

More likely test would be 1300 after the thrust lower in mid-June.

Russian steel, metals, oil companies bombed out and have digested China slowdown/global demand destruction news and are now under owned.



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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