About the turn of the uptrend would be to say, if the value of the MICEX Index fall below 1400 points

See No Evil

Russia

yesterday”s trading session on the equity market was very volatile, as a result of the RTS index for the day dropped below the zero mark by only 0.03%, but grew up in the evening at 0.58% and the MICEX index rose by 0,3%, although in the course of trading has fallen by more than 1,5%. Trading volume on the RTS stock exchange amounted to $ 5.17 billion, of which $ 2.89 billion were in the tools of the derivatives market, the MICEX Stock Exchange Section of gain by selling at 199.44 billion, turnover in the index amounted to 58.13 billion rubles.

The worst of the market looked telecommunications (-1.19% on MICEX sectoral indices), where the main plot - the reform of Svyazinvest”s shares and the exchange coefficients MRK; bette1000r than the market - the financial sector (1.09% on MICEX sectoral indices ) against the wave of reports and to improve predictions by leading analysts.

America and Europe

Stock indices rose on the New World 1,1-1,4% against a background of contradictory statements Citigroup and the negative macroeconomic statistics. At Citi falling revenue and not everything is in order at a profit, but mainly because of the settlement with the government on anti-crisis program, the traditional sectors of activity had declined, but all is well on securities transactions (in a growing market!) — U.S. investors prefer statements do not notice. After the auction, IBM released its report, remembering the good data from Intel, we can say that the sector “high tech” things are bad.

indices of the Old World have increased by an average of 0,8%, ignoring the negative regional statistics and focus on good corporate news and forecasts, coupled with the external background.

raw materials, currency and so on

industrial metals in trading in London rose, but dropped the prices of steel, gold is a little above $ 1130, oil prices went to $ 79, while the U.S. dollar strengthened against a basket of currencies, so you can expect some decline in commodity sites.

Statistics and Reporting

Wednesday promises to be quite rich in information terms week: at 12-00 (Moscow time) published the minutes of the last meeting of the Bank of England, 12-30 (Moscow time) leave the data on unemployment in the UK, 16-30 (Moscow time) is published index of production prices and statistics on the U.S. housing market. Today accountable to Bank of America, Bank of New York Mellon, Morgan Stanley, Northern Trust, US Bancorp and Wells Fargo - most of them prior to bidding in the U.S..

Forecast

publicly traded on Russia”s stock market can be expected to break up on 0,5-0,75%, due to the green background and a comfortable external prices on the world”s leading energy source. MICEX is along the level of resistance to the uptrend, which essentially is a projection of the level of support the same trend. Meanwhile, the trend is not broken, he is the main guide for the market. About the turn of the trend would be to say, if the value of the MICEX Index fall below 1400 points, a mark where interwoven several important technical levels.

The longer, the more irrational the stock markets are: any negative conveniently ignored, but even a weak positive immediately ascends to the top. Irrational and emotional!

Besides the fact that the economy is not so great as we would like, I”ll mention two political events that could seriously affect the world economy: the possibility of default and /or harsh measures against Greece and the sharp battles between the President of the United States and Republican Party on the issue of health reform in the United States.

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Analyst Ratings


The main factor that will determine the dynamics of Russian sites in the near future, remains an American corporate reporting
In the first half of the trading session in Russia can again count on the market a few attempts to adjust
In an uptrend on Russia”s stock market has not yet traced the negative symptoms
Among the outsiders are now commodity stocks of companies that can lose 2-3%
The closest resistance level on the MICEX index was at around 1500 points, support - 1475 puntka
In the next few days unfold the struggle to overcome foreign 1500 points on the MICEX
While the MICEX index above the 1410/1405 points, more logical to wait for new annual peaks than good correction quotes
Forex: Euro on Wednesday morning fell to a minimum of 5 months, the problem of Greece is increasingly under pressure
In today”s Asian trading single European currency fell against the U.S. dollar to the minimum values for the last 5 months

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