From a technical point of view, on Friday, Dow Jones index broke the bottom of the rising trend in the region of 9350 points

On Friday at the U.S. stock market dominated by pessimistic sentiment among market participants.

For example, on Friday published the volume of industrial production, which in July rose by 0.5%, which was slightly better than expectations.

However, the data on an index from the University of Michigan consumer sentiment in August was 63.2 to 66 points in July, which disappointed the market.

At the end of trading session, U.S. stock indices closed in the red /Dow Jones -0.81%, S P500 -0.85%, NASDAQ -1.18% /.

From the technical point of view, on Friday, Dow Jones index broke the bottom of the rising trend in the region of 9350 points, followed by bears have increased correctional decline. Nevertheless, the last trading hour of bulls played part of the losses due to the closing of short positions. Dodge closed Sunday, so this week Bear to confirm this candle.

There still is not excluded that we have seen the formation of double peaks, the confirmation is to overcome 9210 points.

Remember that the Dow Jones index moved within a rising trend with the lower boundary in the vicinity of 9350 points and the top 9570 points in the region and this figure could be the final at this stage of growth.

In addition, the MACD indicator realized bear divergence and Stochastic's indicator is in the purchase, but again today to reach the zone perekuplennosti.

At day schedule optimists continue to see the realization of the flag, the potential of which is 1200-1300 points, goals, paragraphs 9400-9500, the first goal has already been implemented. Also on the way from the bulls 9500 will mark the points where the boundary of a possible divergent formations.

At the afternoon schedule on indicator MACD bear divergence. Indicator Stochastic's are in the market place.

C wave of global perspective, we continue to believe that the Dow Jones index is at the stage of a global wave, which will edit all fall to 23.6% -38.2% -50% of Fibonacci to 9440-10400 counts.

For temporary factors rebound U.S. indices should be about 6-7 months after the 1.5-year decline. It is now 6 months.

So, the Dow Jones index on June 11 formed the first stage rebound within a subvolny. In the future, was the formation of the wave b, which consisted of zigzag abc, and it has been too short to reach only the range between the levels of 23.6% -38.2% by Fibonacci.

We can now see the final run up to 9400-9500 points in the wave with a large wave B, the intermediate goal of 9160-9300-9420 and 9600 points.

Once complete the formation of a global wave, it will begin building a global wave C up to 2012 with the aim of 2550-3500 points.

The decline in oil prices adversely affect the shares of oil and gas sector
Today is worse than the market will likely look like shares, Rosneft, Tatneft, MMC NorNikelya and Sberbank
Today, the external negative background for the stock market of Russia, the decline of America to close, Asia traded in the red
Today, under the most pressure are likely to be stocks of commodity companies
On Friday at the U.S. stock market dominated by pessimistic sentiment among the bidders
Damage from the accident at the Sayano-Shushenskaya hydroelectric power station will be hundreds of millions of rubles
The cost of home mortgages: pay attention to that borrower
The forecasts of analysts: Correction of the Russian index is inevitable
Factors that can keep rossiykie quotes from falling, overlooked players relaxed negative

This entry was posted in News International Markets. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>