Russia Remains in an Uptrend

Feb. 3.10 | About: VanEck Vectors (RSX)

Most equity indices across the globe broke their short-term uptrends and moved below their 50-day moving averages on the most recent downturn. Russia's main equity market index, the RTS, bucked the trend and held support at its 50-DMA, however. Since bouncing off of its 50-day, Russia has done well and continues to look good from a technical perspective. The ETF that tracks Russia (NYSEARCA:RSX) looks about the same.