So you think there's another spike ahead for RUSS? You see a number? RSX held nicely for a time this spring/summer and if oil rebounds hard then you can bet RUSS dives on the short term.
In the last year I have found the ETFs to be trend-tradeable and if patient, you can skin a boatload of cash those things daily. Hell, I'm up $8K this week alone and I traded in and out. Some days its buy the close/sell the open and some days its buy the gap fill and sell the close . . . With RUSS, hold and watch volumes - and keep raising the stops!! Fun for my trading bones . . .
Looks like a warm winter vacation might be I the cards.
Hay Cap . . . You mentioned at $20 that RUSS would go back to $60. I first got in at 12 - averaged down to 8 - 4 to 1 gave me 32 and here I sit at a $20 per share gain. Thanks for being wrong - but absolutely right....LOL Hope you're green as I am. Cleaned up my bad trades and got me at 23% gains on the year to date.
I see no stopping the RUSS rise on the charts until 59 - but I see it gets sticky at today's range on the 2 year chart. Your thoughts?