Russia’s trapped domestic investors push stock market to 2-years high.
Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict.
A rise of more than...
Seems we are going to close in red area before the new year (approx 10% lower than recent area).
If this happens, which is very possible, then we can reach yellow area in 2025 (approx 55% lower than recent area).
Russia has just dropped into the red on this indicator and been displaying divergence for sometime. Could this indicate another crash in Russia's economy.
As you can see on the presented chart we have had developed a milestones to further analyse what is going to happen in the last days of 2023. We took Moex Stock Ruble Index as a basis. This is a follow up for the earlier chart. Alpha rout presents wealthy investors, sigma is so called traders, theta is a small investors hoard, and beta is a portfolio managers. Why...
Less than two months before Christmas and The New Years eve in Russian Federation. We see a minor opportunity to take a small opportunistic long trade or if you see fundamentals are weak just sit on your hands and watch how situation will develop. Happy holidays, please enjoy and comment.
Russian stock Market in dollar terms has suffered unspeakable losses. Let's break it down.
Since 2008 (15 years ago) down -60%
Since 2011 (12 years ago) down -50%
Since 2021 (2 years ago) down -45%
Anyone who bought Russia since 2005 has not only lost in nominal price but has also suffered massive losses against inflation.
More info. I wrote here USDRUB...
My macro work on Russian MOEX Index illustrates how ElliotWave in conjunction with major fibonacci retracements can be useful in providing the context or the operational frame work for every investor and trader to operate and execute one's strategy.
Starting from the market Oct'98, we may observe how the price structure has accurately finished its cyclical...
We see small opportunistic trade in IMOEX. Stop is 3000 points psychological level and the target is recent high level of 3288.40 points. Current price before the opening bell is 3051.90. As always it is better to take money from the trade if something goes wrong.
According to the Elliot waves account Russian stock market (MOEX) has finished the wave (b) inside of 4th wave (abc) and going on to (c) right now. If this is correct, it means about 38% correction (from 3200 to 2000). Interestingly enough, this corresponds to the American stock market (SP500) that has started its descend already a while ago and looks bearish...
It is clear that the Russian Stock Exchange is heading to work on historical corrective waves after it ended five strong upward waves, and it is currently in the last, third leg of the correction, and it is expected to decline strongly to end wave C, including the beginning of a new five-motive bullish wave
MOEX:IMOEX almost crashed a plate above to start of mind-blowing moving to 3900 during the year.
$IMOEX::2450->3900::59%::March 2024
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoregg
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Banking sector is collapsing in Silicon Valley, Switzerland and Sri Lanka. Inflation is sill on the table and all eyes are on the Powells move on the rate decision. S&P500 is on the sideways and traders are buying gold, crypto and... Russia. Gears are shifting and this might be the historical moment. Especially when we have the strong support to be broken and big...
"By the time you come to, you're gonna need a new haircut" - Gary Bertier, Remember the Titans.
Russia looks like it is setting up for another wave down. Kinda hard to grow when the economy is cutoff from the world. The Ruble is also getting trashed (has been for decades), despite some "professionals" pumping lies about the ruble being "so strong" in 2022.
The "Head and shoulders" model is the most common reversal model.
The main prerequisite for the formation of a reversal model is the presence of an active trend: from 10.10.22 to 14.11.22, the Index was in an uptrend. The trend line has 3 confirmation points A, B, C. It is important to note that each of these points forms support levels.
After breaking the ABC...
Analogue between Russia Market Crash and US major index SP500 since the low of the Covid Crash. For most of the time both markets tracked well. In the last leg to the ATH however, Russia diverged to the downside while US markets held up for another 83 Days. Analog suggests that market participants may not be expecting continuation of crash leg. "This couldn't...
