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$KBE hit our buy stop within the first 5-minutes of trading, so we held off on the entry. The price failed to break above the 5-minute high (plus 10 cents) the rest of the day, so a long position was not initiated. For those who were triggered on the open, continue to hold $KBE with the stop posted in today’s report. For those who did not enter, we have a new buy point listed in the watchlist section above.The Market Vector Russia ETF ($RSX) is currently forming a tight ranged (cup and handle like) base on the weekly chart below. $RSX rallied about 30% off the lows before pulling back and successfully testing the downtrend line and forming the right side of the pattern.

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