As we noted last week, moves in the price of palladium are synching up with changes in Russia’s situation. As Russia continues military action in Syria, the price of the metal has risen significantly, and the Russia ETF RSX has jumped as well. Over the next few weeks, we will see if this trend has the staying power to become a breakout buy.
Meanwhile in our active and pending trades, we saw a relatively quiet week. New highs were made in JCP, JBLU, and BBY, though each stock ended the week in negative territory. As with last week, commodities continue their move higher, and some commodities ETFs may trigger buys within the month. In most other sectors, the markets remain quiet before economic activity increases before the holiday season.