Last week of summer started very positively. MICEX opened the session with the percentage gap up, but the external signals did not give reasons for the continuation of purchases, which led to the downward movement, aimed at closing the morning gepov. Closeouts were supported by the dynamics of futures for petroleum of mark Brent, who had gone into the red zone under pressure from technical factors. After the sales, during which some papers together with the MICEX index went into negative, Russia's ruble and the market turned the indicator once again went into a plus.
During the session held on the domestic market consolidation associated with poor performance on the index futures SP 500, which traded in a narrow price channel at 1030 points mark. In the second half of the session was read business activity index, which recorded growth compared with the previous month. Statistic data became an occasion for speculation, during which many papers have added to the cost. However, the impact rate on the whole the market was fairly modest and not be able to direct my trading in the States.
Technically, the MICEX index today was trapped in a narrow price band. Resistance level was made by the traditional mark of 1,120 points, and the level of support - psychologically significant level of 1,100 points, but Russia indicator in the moment still fell below this level. Against the background of statistic data published in Russia formed a wave of market purchases, which contributed to significant upward penetration resistance at 1,120 points. The next resistance is the mark of 1,130 points, which was recorded near the local maximum.
In my opinion, the U.S. market more than a correction. Important statistic data are not expected, so the U.S. stock market can adjust to new annual highs, thus I do not recommend moving the position for tomorrow.
Opening tomorrow's trading on the domestic market will determine the outcome of trades in the U.S., as well as data on the GDP of Germany for the II quarter. Medium-term trend in global stock markets are still not defined, the first reference to it will be updated information on U.S. GDP, which will be announced on Wednesday. Despite the rise, observed at the end of the week, the mass desire to take profits is not observed, indicating an optimistic view of market participants to further movement of the market.
The positive dynamics of oil prices today supports the action of oil and gas company. However, the growth potential for the majority of securities has been exhausted: a tool for this segment needed correction, so I recommend to close long positions on the spectrum of the shares. Before opening the U.S. market on domestic exchanges formed a wave of purchases, which contributed to penetration levels of resistance for many stocks, but the high risk of mood change. Shares of Gazprom struck level of 170 rubles., While shares of LUKoil rushed up from the mark of 1600 rubles. Papers of Surgutneftegas today traded significantly better than the market, due to technical factors, namely - with more growth potential, which today has been almost fully realized. Resistance level for the shares of Surgutneftegaz, is a mark of 26.8 rubles.
better look and market shares of Sberbank, a positive in that is also associated with the remoteness of the level of resistance, which today still has been made. Flat profits for the securities of Sberbank recommend near the level of 50 rubles.
In a rather unprincipled session demand some action from the second echelon. In particular, it is worth emphasizing the rise of shares of AvtoVAZ and KAMAZ , which went up by 18% and 12% respectively. This significant increase is explained by the possibility of establishing a joint holding company, but it is mostly speculative in nature, so I recommend to take profits on paper.
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Analyst Ratings
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Dmitry Medvedev: We can not allow unjustified increases in the cost of electricity
Mechanisms of cooperation of the CIS and Russia should be expanded
American currency on the Forex still remains under pressure
Optimistic expectations about the future of the world economy supported oil quotations
The world's leading index reached the highest level since the beginning of this year due to improved economic expectations
Aviation loses face
Growth in the market of Russia will continue, if in the near future, investors will retain the increased appetite for risk
Tomorrow on the equity market may be a small correction
General Motors may refuse to sell Opel
The dynamics of oil prices supported the shares of oil and gas companies: Gazprom shares struck the level of 170 rubles., While shares of LUKoil rushed up from 1600 rubles.
Last week of summer started very positively. MICEX opened the session with the percentage gap up, but the external signals did not give reasons for the continuation of purchases, which led to the downward movement, aimed at closing the morning gepov. Closeouts were supported by the dynamics of futures for petroleum of mark Brent, who had gone into the red zone under pressure from technical factors. After the sales, during which some papers together with the MICEX index went into negative, Russia's ruble and the market turned the indicator once again went into a plus.
During the session held on the domestic market consolidation associated with poor performance on the index futures SP 500, which traded in a narrow price channel at 1030 points mark. In the second half of the session was read business activity index, which recorded growth compared with the previous month. Statistic data became an occasion for speculation, during which many papers have added to the cost. However, the impact rate on the whole the market was fairly modest and not be able to direct my trading in the States.
Technically, the MICEX index today was trapped in a narrow price band. Resistance level was made by the traditional mark of 1,120 points, and the level of support - psychologically significant level of 1,100 points, but Russia indicator in the moment still fell below this level. Against the background of statistic data published in Russia formed a wave of market purchases, which contributed to significant upward penetration resistance at 1,120 points. The next resistance is the mark of 1,130 points, which was recorded near the local maximum.
In my opinion, the U.S. market more than a correction. Important statistic data are not expected, so the U.S. stock market can adjust to new annual highs, thus I do not recommend moving the position for tomorrow.
Opening tomorrow's trading on the domestic market will determine the outcome of trades in the U.S., as well as data on the GDP of Germany for the II quarter. Medium-term trend in global stock markets are still not defined, the first reference to it will be updated information on U.S. GDP, which will be announced on Wednesday. Despite the rise, observed at the end of the week, the mass desire to take profits is not observed, indicating an optimistic view of market participants to further movement of the market.
The positive dynamics of oil prices today supports the action of oil and gas company. However, the growth potential for the majority of securities has been exhausted: a tool for this segment needed correction, so I recommend to close long positions on the spectrum of the shares. Before opening the U.S. market on domestic exchanges formed a wave of purchases, which contributed to penetration levels of resistance for many stocks, but the high risk of mood change. Shares of Gazprom struck level of 170 rubles., While shares of LUKoil rushed up from the mark of 1600 rubles. Papers of Surgutneftegas today traded significantly better than the market, due to technical factors, namely - with more growth potential, which today has been almost fully realized. Resistance level for the shares of Surgutneftegaz, is a mark of 26.8 rubles.
better look and market shares of Sberbank, a positive in that is also associated with the remoteness of the level of resistance, which today still has been made. Flat profits for the securities of Sberbank recommend near the level of 50 rubles.
In a rather unprincipled session demand some action from the second echelon. In particular, it is worth emphasizing the rise of shares of AvtoVAZ and KAMAZ , which went up by 18% and 12% respectively. This significant increase is explained by the possibility of establishing a joint holding company, but it is mostly speculative in nature, so I recommend to take profits on paper.
Your grade will be the first!
Analyst Ratings
Dmitry Medvedev: We can not allow unjustified increases in the cost of electricity
Mechanisms of cooperation of the CIS and Russia should be expanded
American currency on the Forex still remains under pressure
Optimistic expectations about the future of the world economy supported oil quotations
The world's leading index reached the highest level since the beginning of this year due to improved economic expectations
Aviation loses face
Growth in the market of Russia will continue, if in the near future, investors will retain the increased appetite for risk
Tomorrow on the equity market may be a small correction
General Motors may refuse to sell Opel