Well after getting on the Russia theme this morning, I took a look at Russia’s Google wannabe Yandex and liked the chart. Considering its relative value (though certainly not a value, being an internet stock) has been hammered down due to the recent geopolitical headlines. There is a technical setup here.
Since we routinely cover the emerging markets and also their ratio to the US stock market, I thought I would update some notable changes.
This started out as an NFTRH+ update, but since any stance with the Russian stock market is a longer-term proposition, I decided it was best as a regular update for anyone who might be interested. We’ll keep NFTRH+ on mostly shorter-term scenarios (INTC being an exception), often involving US stocks (and precious metals and commodities equities when they are in setups and when the macro fundamentals indicate a good backdrop).