Good day. On the first trading week, Russia's stock market experienced a decline. RTS index has lost 2,81%. The MICEX index fell 3.58%. Trading activity has reached at least the last five days.
After the negative market opening on Monday continued to decline, reaching the area by evening 1,170 points on the MICEX index.
Today, expect a moderately positive opening of trading, which is regarded as a technical rebound. In our opinion, currently there is a formation top /end of an uptrend.
Therefore, we recommend using a local growth within a day of sales, opening of short positions. Possible target rebound up is located in the 1180-1190 points. Stop-loss for the shorts can accommodate over 1200, or 1220 points on the MICEX index.
Break resistance at 1,220 points will improve the picture, allowing to consider the current fluctuations as a refinement of the wide side views.
bull recommend that you place the stop loss below 1150 points on the MICEX index. Break of this level is likely to cause the sale of the first settlements to 1130.
U.S. stock indices closed the bidding in the negative zone. The pressure on the stock market and commodities have had concerns about the continued economic recovery.
At the auctions in Asia, the mood of speculators has improved, helped by increased recommendations for securities Samsung Electronics from Citigroup.
on the SP 500 Futures traded at around 1065-1070 points. The closest resistance of 1070-1075 points. Possible objectives of sales - 1060, then 1040 points.
futures on the RTS index today may be the formation of a technical rebound upwards, which we recommend be used for sales. Potential target rebound - 122 000. Stop-loss order on the short above 122 500-123 000 points.
moderately positive external background. America to close moderately lower, oil and gas sector at the market, the financial sector is moderately worse than the market. Asia is trading moderately higher.
The final recommendations:
investors - buy;
speculators - sell short.
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Analyst Ratings
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If the bulls today will be able to break through the level of 1200-1220 points, you will see an acceleration of the rising movement against the background of the closing of short positions
Opening of Russia's stock market is expected with a gap up to 1-1.5%
Following Monday the value of the MICEX Index reached 1165.11 points, which is 3.58% below the previous day's close
At the opening of the market would be better to share in Gazprom and Novatek against the possible involvement of residents in the projects on the Yamal
Morning von moderately positive for Russia's market: at the opening ceremony is expected to grow most liquid securities
Quotations increase of oil, the U.S. futures indices and growth of the Chinese indices will serve as a catalyst for growth at the morning opening
Board of Directors approved the KLA monetary value of property in order to hold the additional issue of shares
Latin America: in Brazil, the world ignored the corrective mood
Legal tobacco market declined by 40%
External background before the opening of Russia's playgrounds moderately positive: America is closed moderately lower, Asia traded with moderate increases
Good day. On the first trading week, Russia's stock market experienced a decline. RTS index has lost 2,81%. The MICEX index fell 3.58%. Trading activity has reached at least the last five days.
After the negative market opening on Monday continued to decline, reaching the area by evening 1,170 points on the MICEX index.
Today, expect a moderately positive opening of trading, which is regarded as a technical rebound. In our opinion, currently there is a formation top /end of an uptrend.
Therefore, we recommend using a local growth within a day of sales, opening of short positions. Possible target rebound up is located in the 1180-1190 points. Stop-loss for the shorts can accommodate over 1200, or 1220 points on the MICEX index.
Break resistance at 1,220 points will improve the picture, allowing to consider the current fluctuations as a refinement of the wide side views.
bull recommend that you place the stop loss below 1150 points on the MICEX index. Break of this level is likely to cause the sale of the first settlements to 1130.
U.S. stock indices closed the bidding in the negative zone. The pressure on the stock market and commodities have had concerns about the continued economic recovery.
At the auctions in Asia, the mood of speculators has improved, helped by increased recommendations for securities Samsung Electronics from Citigroup.
on the SP 500 Futures traded at around 1065-1070 points. The closest resistance of 1070-1075 points. Possible objectives of sales - 1060, then 1040 points.
futures on the RTS index today may be the formation of a technical rebound upwards, which we recommend be used for sales. Potential target rebound - 122 000. Stop-loss order on the short above 122 500-123 000 points.
moderately positive external background. America to close moderately lower, oil and gas sector at the market, the financial sector is moderately worse than the market. Asia is trading moderately higher.
The final recommendations:
investors - buy;
speculators - sell short.
3; user rated material at 4.
Analyst Ratings
If the bulls today will be able to break through the level of 1200-1220 points, you will see an acceleration of the rising movement against the background of the closing of short positions
Opening of Russia's stock market is expected with a gap up to 1-1.5%
Following Monday the value of the MICEX Index reached 1165.11 points, which is 3.58% below the previous day's close
At the opening of the market would be better to share in Gazprom and Novatek against the possible involvement of residents in the projects on the Yamal
Morning von moderately positive for Russia's market: at the opening ceremony is expected to grow most liquid securities
Quotations increase of oil, the U.S. futures indices and growth of the Chinese indices will serve as a catalyst for growth at the morning opening
Board of Directors approved the KLA monetary value of property in order to hold the additional issue of shares
Latin America: in Brazil, the world ignored the corrective mood
Legal tobacco market declined by 40%