In fact, the Russian stock market after 24 June is nothing fundamentally new is not the case. There is a lateral consolidation in the declining turnover. Neither high oil or produced meaningful statistics are not yet in a position raskachat market.
MICEX index poised in equilibrium zone around the zero level of profitability (OBP-Comp = 978.66, Figure 1) for all positions open for the last 9 months, ie since the beginning of October last year. At the same time, here is a strong technical level of the medium-term moving average MA60 (1002 to 2/07/09).
The lack of profits among the participants determines the nature of the dynamics of the index. Sales no - nothing to sell. In terms of aggregate position (the indicator OBV-Comp, Fig.2) is resold to the market stronger than it was last fall, but are just afraid to buy members. Stress adds location near overhanging top downward trend from June 2. It is possible that in the case of reducing the index would slip down on this trend in anticipation of sending the signal.
In the States, also found a lull prior to the upcoming Independence Day. Yesterday's decline - the purely technical to the meager traffic. Even account does not mean anything. Only Reason Rock the speculators market. Our trading model for the SP500 index continues to show continued support for an index of long-term investors. Break-even level of 200-day trading positions on the SP500 index is now 883 p.
The best tactic - wait time. It is possible that the break could take all the following week. The signal to the revival seemed to come from the market Forex - yet here, too, a temporary truce.
The level of support for the MICEX index is located at around 950. Resistance levels is a medium-price book section 1015 (ISI-60).
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Analyst Ratings
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Asian shares desheveyut on the news about the labor market in the United States and arrived Seven I
Lack of trades in the United States allows to hope that the markets will not greatly diminish
It is unlikely that in the absence of U.S. investors, the markets will make any serious movement
Today, investors will be expected to yield data on retail sales in the euro
The main trend during the day will be a gradual drift of Russian indices
At the world's trading floors is negative background, which is not conducive to the growth of the Russian stock market
7 Jul, 2009 Bank of Russia will select applications for the placement of temporary free money of the federal budget of Russia in the accounts of commercial banks
Over the past week planned power in Russia has decreased by 6% compared to the same period of 2008
Generation of the company TGK-1 in January-May 2009 reached 12 490 million kWh of electricity
It is possible that a pause in the Russian market can take all the following week
In fact, the Russian stock market after 24 June is nothing fundamentally new is not the case. There is a lateral consolidation in the declining turnover. Neither high oil or produced meaningful statistics are not yet in a position raskachat market.
MICEX index poised in equilibrium zone around the zero level of profitability (OBP-Comp = 978.66, Figure 1) for all positions open for the last 9 months, ie since the beginning of October last year. At the same time, here is a strong technical level of the medium-term moving average MA60 (1002 to 2/07/09).
The lack of profits among the participants determines the nature of the dynamics of the index. Sales no - nothing to sell. In terms of aggregate position (the indicator OBV-Comp, Fig.2) is resold to the market stronger than it was last fall, but are just afraid to buy members. Stress adds location near overhanging top downward trend from June 2. It is possible that in the case of reducing the index would slip down on this trend in anticipation of sending the signal.
In the States, also found a lull prior to the upcoming Independence Day. Yesterday's decline - the purely technical to the meager traffic. Even account does not mean anything. Only Reason Rock the speculators market. Our trading model for the SP500 index continues to show continued support for an index of long-term investors. Break-even level of 200-day trading positions on the SP500 index is now 883 p.
The best tactic - wait time. It is possible that the break could take all the following week. The signal to the revival seemed to come from the market Forex - yet here, too, a temporary truce.
The level of support for the MICEX index is located at around 950. Resistance levels is a medium-price book section 1015 (ISI-60).
3 users rated material at 4,7.
Analyst Ratings
Asian shares desheveyut on the news about the labor market in the United States and arrived Seven I
Lack of trades in the United States allows to hope that the markets will not greatly diminish
It is unlikely that in the absence of U.S. investors, the markets will make any serious movement
Today, investors will be expected to yield data on retail sales in the euro
The main trend during the day will be a gradual drift of Russian indices
At the world's trading floors is negative background, which is not conducive to the growth of the Russian stock market
7 Jul, 2009 Bank of Russia will select applications for the placement of temporary free money of the federal budget of Russia in the accounts of commercial banks
Over the past week planned power in Russia has decreased by 6% compared to the same period of 2008
Generation of the company TGK-1 in January-May 2009 reached 12 490 million kWh of electricity