Russia May Be in the Sweet Piroshki Spot

Of the emerging markets since the Election last week, Russia is of course one of the more attractive options. In addition to Trump's Russia/Putin-friendly rhetoric, the RSX (country ETF for Russia) has been holding up better than the other "BRIC" nations. 

Today, all of the BRICs are bouncing back, as the rally in oil is no doubt aiding the cause. 

But as a general prospect, Russia seems to be in the sweet spot with a President-elect of the United States who wants stronger, more peaceful relations with Russia as well as crude oil seemingly stabilizing after flirting with another swoon. 

As you may now, Russia is a petro-sensitive nation. And so the Trump victory likely was not sufficient for another leg higher on the RSX after the explosive rally since late-january of this year, as you can plainly see below on the daily chart. 

But if Russia stays in this crude and political sweet spot, another leg higher out of the highlighted sideways price base now seems likely into the holidays and then 2017. 

I will highlight some specific plays, beyond RSX, for Members in the full video tonight.