closed RUSS

RUSS cut through the 10 Week EMA today.  I'd rather cut bait than hope for a bounce.

Entry: 24.55

Exit:  22.04 

Opened RUSS

RUSS holds the 10EMA I bought the bounce.

Entry:  $24.55 

Stop at close < 10 EMA

CLOSED RUSS

This trade worked extremely well. Opened in A.H. at 24.80 Yesterday. I sold @27.56 in the first 1/2 hour of the day for an 11% gain. I closed because I decided not to push my luck given holiday trading and the propensity of this instrument to gap.

Opened RUSS

I opened RUSS in A.H. at 24.80.  I like the pull back to the 10 EMA last week. Clear stop, low risk, high reward given the power this has shown in the past few weeks. 

Is Russia going to get its house together by raising interest rates and declaring the Ruble crisis to be over?  I don't think so. Nations do not turn on a dime.