RSX: Great Play on Russia’s Improving Economy

Russian Stock Market great long term buy

 

RSX: A Great Play on the Russian Economy

Updated Aug 2023 

We will examine this topic from a historical perspective for two reasons. First, those who don’t learn from history are doomed to repeat it. Secondly, it demonstrates in real time what we have done. 

The market sell-off that started in 2014 has provided astute investors with a once-in-a-lifetime opportunity to open up positions in blue-chip Russian Corporations; in the long-term prospect for the Russian economy is bullish. You can now purchase many stocks for pennies on the dollar.   Mass psychology states that you should buy when the crowd is panicking and sell when the crowd is euphoric.  The masses have panicked and dumped their holding right at the bottom; this is what they always do. Sell at the bottom and buy at the top.   The experts are pessimistic regarding Russia’s long-term prospects, so all the ingredients are in place for a strong rally.

One easy way to play the Russian Market is via ETFs such as RUSL, RSX, ERUS, etc. Today, we will look at RSX.

Understanding the RSX Investment: Tracking the Market Vectors® Russia Index

Background Information on RSX:

This investment aims to closely replicate the price and yield performance of the Market Vectors® Russia Index before factoring in fees and expenses. Typically, the fund allocates a minimum of 80% of its total assets to securities that constitute both the fund and the benchmark index. The Russia Index primarily consists of securities from Russian companies.

A company is generally classified as a Russian company if it is incorporated in Russia or, in certain cases, if it is incorporated outside of Russia but derives at least 50% of its revenues (or, under specific circumstances, holds at least 50% of its assets) in Russia. It’s important to note that this investment is non-diversified.

 

RSX Top 10 Holdings

 RSX top 10 holdings

RSX: The Technical Outlook

 RSX: Great Play on Russia's Improving Economy

Game Plan

There is anticipated resistance within the range of 16.00 to 16.50. Therefore, it would be prudent to await a pullback to the 13.50-14.00 range before allocating fresh funds. If you are considering stock investments, MBT and YNDX would be favourable starting points.

 

Other related stories

It's the Economy, Stupid: Unveiling Surprising Realities

It’s the Economy, Stupid: Not Exactly

Editor: Vladimir Bajic | Tactical Investor It's the Economy, Stupid: A Twist in the Tale Updated Nov 29,  2023 Introduction ...
Paradoxes: The Scorpion And The Frog

Paradoxes: The Scorpion And The Frog

Introduction to Paradoxes in Trading and Success Updated  Nov 27, 2023 In the intricate tapestry of trading and success, we ...
Mastering the Art of Stock Market Timing: Unveiling the Hidden Secrets

Cracking the Code: Secrets of Stock Market Timing

Decoding Stock Market Timing: Unveiling Hidden Strategies Updated Nov 24, 2023  While many individuals and experts argue that market timing ...
high unemployment levels

High Unemployment Levels: The Dance of Labor Statistics

Whispers of Destiny: The Lingering Presence of High Unemployment Levels Updated Nov 23,  2023  Intro: In the realm of labour ...
BTC vs Gold; The dance begins

BTC vs Gold: Decisive Victory Unveiled

BTC vs Gold: The Unstoppable Force Meets the Immovable Object Updated Nov 2023 The narrative of money supply and debt ...
Decoding Markets: Unleashing Mind Control Techniques

Mind Control Techniques: Mastering Market Dynamics for Success

Mastering Markets: Mind Control Techniques Revealed Nov 22, 2023 Introduction  The world of finance is a complex and dynamic landscape ...
Embracing Contrarian Meaning: Power of Alternative Perspectives

Embracing Contrarian Meaning: The Magic of Alternative Perspectives

Contrarian Meaning: Embracing Alternative Perspectives Updated Nov 22, 2023 Introduction Amidst the prevailing currents of conformity and groupthink, contrarian thinking ...
Bitcoin Crash: Is Bitcoin Bull Dead Forever

Bitcoin Crash: The Bull’s Demise or Rebirth?

Bitcoin Crash Or Correction: Navigating Troubled Waters Updated Nov 2023 We'll delve into this article through a historical lens for ...
Alexa Speaker

Dethroning the Reign: Amazon Echo Dot Evolution

Editor: Philip Ragner | Tactical Investor Dethroned: Amazon Echo Dot - its Changing Status Once upon a time, the Amazon Echo ...
Decoding the Dow Jones Utility Average: find light in the darkness

Decoding the Dow Jones Utility Average

Using the Dow Jones Utility Average as a Timing Indicator for the Stock Market Updated Nov 20, 2023 The Dow ...
Strategic Exploration of Intel's Stock Performance

Bridging the Future: A Strategic Exploration of Intel’s Stock Performance

Nov 20, 2023 Brief overview of Intel Corporation Founded in 1968, Intel Corporation has become a powerhouse in the semiconductor ...
Uranium Spot Price: The Stealth Uranium Bull Market

Uranium Spot Price: The Stealth Uranium Bull Market

Some people drink deeply from the fountain of knowledge. Others just gargle. Grant M. Bright, British-born American Engineer Uranium Spot ...
Goldman Sachs: Navigating Its Sordid Past and Complex History

Unraveling Goldman Sachs History: A Closer Look at Its Sordid Past

Goldman Sachs History: Sordid and Controversial Blend Nov 19, 2023 Introduction: Goldman Sachs, a renowned name in finance, has left ...
palladium uses

Palladium’s Technological Triumph: Diverse Uses from AI to Aerospace

Nov 16, 2023 Palladium Uses Unleashed: From AI to Aerospace, High-Tech Marvels Revealed Introduction Palladium, a precious metal primarily known ...
What is Financial Freedom

What is Financial Freedom: A Fusion of Freedom & Frolicking

Nov 15, 2023 Demystifying What is Financial Freedom: A Path to Prosperity Introduction Financial freedom, a cherished goal for many, ...