Green Light for Russia ETF

Our trade in the Russia ETF RSX has triggered this week, with a second bar completely about the top of the MAC and Williams remaining above its 57-week moving average. This breakout buy was occurred at the close of trading on Friday the 23rd. Check our table in the Technical Analysis section (link above for subscribers) or this week’s trade recommendations for full details of the trade.

Our pending MAC continuation trade in JCP is also ready to trigger next week, and BBY continues its active trade. We are watching for potential swing trades in the still-bullish JBLU. Such trades are conditional upon a return to MAC high, followed by a return to support at the bottom of the MAC channel.