In the comments section below the recent Global Equity Markets video, member Eric K. had asked my thoughts on RSX (Russia ETF), which I had covered a few weeks early in this previous Global Stock Markets video. In that video I had laid out the bullish case for RSX on both a near-term & longer-term perspective. Since then, RSX went on to break out above the minor channel that was highlighted on the daily time frame & just recently hit my first target at the 17.91 area, gaining about 10% from where the stock was highlighted in that April 10th video [...]
Going forward, I plan to do regular updates covering the most attractive sectors, commodities and/or countries as well as the most bearish (for short trading opportunities). In doing so, I will cover the tracking ETFs, which may help less active traders & investors, as well as those the prefer the simplicity & diversity afforded by trading or investing in ETFs vs. individual stocks. The diversity provided by the various holdings within an ETF can also be particularly useful when trading during earnings season, which is currently underway, as the risk of being caught on the wrong side of an earnings-induced gap [...]
An overview of the active long trade ideas plus several other long trade ideas that look compelling at this time, both swing trades as well as longer-term Growth & Income trade ideas. The video starts out covering the Active Long Trade ideas, followed by about 9 unofficial but compelling trade ideas. For those wising to skip ahead to a particular trade, the following stocks are discussed in this order: ABY, LL, MOS, NAT, PEIX, POT, SOYB, WMB, NRF, SPLS, CSX, BBD.B.TO, FXI, RSX, EWA, & EWC.
An overview of global equity indices concluding with a brief overview of precious metals & commodities, as it appears the most constructive charts are from countries with a large exposure to commodities.