After the dramatic collapse in the early weeks, the market is trying to regain lost ground. Through yesterday increased the MICEX index closed the morning gap of 23 June. During the trading session the index has remained above the zero-yield 200-day position (indicator IAD-200 = 939 on) and very close to the boundary of the downward trend from 17 June. In the event of breakdown can be expected to enhance the rebound to the next level of Fibonacci - p. 1015, p. 1056 and beyond 1090 p. Thus, in the short term the most pressing task is the removal of local pereprodannosti market. In this case, we will be especially interested in the passage of ~ 1030 on, where the indicator 60-day break-even position (IAD-60). At the breakdown down of trade on the MICEX index stood at 73 billion rubles. (18/06/09). Therefore, to continue poslekorrektsionnogo growth of trade turnover in the back moving through the level of ACE-60 must be at least below 73 billion.
Hope this has, as seen from the momentum indicator OBV-200, the long-positions changed little on the last correction, ie Long-term investors are still in position, and this is a good sign. Long money entered the market in a more distant perspective, and thus expect a higher premium. Emphasize another interesting fact. MICEX index was below zero yield a 200-day trading positions (IAD-200 = 939) are only one day on 23 June. And it is here recorded the maximum turnover index 103 billion rubles., With a large portion accounted for a growing index. This means that at these levels, including the purchase of rose and long money.
We said that the weakening positions of large speculators on the market since the last commit profits could increase its investment attractiveness in the medium term. The dynamics of a generalized indicator of open trading positions on the MICEX index (OBV-Comp) in general confirms this hypothesis - in the market laid the preconditions for the second wave of the rally. Indicator OBV-Comp is located in the area of negative values, indicating the dominance of uncommitted short positions. Sooner or later they will have to close. Indicator during the last correction down to levels lower than it did late last year, when the market was at the bottom. This was possibly due to greater weight of speculative money in the pattern of cash flow - thepercentage of speculative money is currently in the same maximal level as in 2001/2002 he was Now a significant portion of this money otfiksirovalas, respectively, their influence begins to wane.
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Analyst Ratings
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Under what conditions would be advantageous to buy gosobligatsii
Russian equities are trying to «get» from the outset, but attempts to connect to the «plus» too weak
Short-term movement of futures on RTS index could be seen as variations within the range of 92 500-95 500 points
In late June - early July, is expected to rise in oil prices to $ 75 a barrel
To restore the short-term trend of the currency pair EUR /USD up, it should again take root at level above 1.4
Recommendations for futures on RTS index on Thursday
Medium-term momentum trades on the Russian market will be determined by external conditions, further growth is likely to occur
Igor Sechin: The rights of minority shareholders of TGK-4 and TGC-8 will be protected by the court
In 2009, OGK-1 will send 2 billion rubles for repair work on power plants
The growth index of the MICEX on Wednesday morning closed the gap of 23 June
After the dramatic collapse in the early weeks, the market is trying to regain lost ground. Through yesterday increased the MICEX index closed the morning gap of 23 June. During the trading session the index has remained above the zero-yield 200-day position (indicator IAD-200 = 939 on) and very close to the boundary of the downward trend from 17 June. In the event of breakdown can be expected to enhance the rebound to the next level of Fibonacci - p. 1015, p. 1056 and beyond 1090 p. Thus, in the short term the most pressing task is the removal of local pereprodannosti market. In this case, we will be especially interested in the passage of ~ 1030 on, where the indicator 60-day break-even position (IAD-60). At the breakdown down of trade on the MICEX index stood at 73 billion rubles. (18/06/09). Therefore, to continue poslekorrektsionnogo growth of trade turnover in the back moving through the level of ACE-60 must be at least below 73 billion.
Hope this has, as seen from the momentum indicator OBV-200, the long-positions changed little on the last correction, ie Long-term investors are still in position, and this is a good sign. Long money entered the market in a more distant perspective, and thus expect a higher premium. Emphasize another interesting fact. MICEX index was below zero yield a 200-day trading positions (IAD-200 = 939) are only one day on 23 June. And it is here recorded the maximum turnover index 103 billion rubles., With a large portion accounted for a growing index. This means that at these levels, including the purchase of rose and long money.
We said that the weakening positions of large speculators on the market since the last commit profits could increase its investment attractiveness in the medium term. The dynamics of a generalized indicator of open trading positions on the MICEX index (OBV-Comp) in general confirms this hypothesis - in the market laid the preconditions for the second wave of the rally. Indicator OBV-Comp is located in the area of negative values, indicating the dominance of uncommitted short positions. Sooner or later they will have to close. Indicator during the last correction down to levels lower than it did late last year, when the market was at the bottom. This was possibly due to greater weight of speculative money in the pattern of cash flow - thepercentage of speculative money is currently in the same maximal level as in 2001/2002 he was Now a significant portion of this money otfiksirovalas, respectively, their influence begins to wane.
2 users rated material at 2,5.
Analyst Ratings
Under what conditions would be advantageous to buy gosobligatsii
Russian equities are trying to «get» from the outset, but attempts to connect to the «plus» too weak
Short-term movement of futures on RTS index could be seen as variations within the range of 92 500-95 500 points
In late June - early July, is expected to rise in oil prices to $ 75 a barrel
To restore the short-term trend of the currency pair EUR /USD up, it should again take root at level above 1.4
Recommendations for futures on RTS index on Thursday
Medium-term momentum trades on the Russian market will be determined by external conditions, further growth is likely to occur
Igor Sechin: The rights of minority shareholders of TGK-4 and TGC-8 will be protected by the court
In 2009, OGK-1 will send 2 billion rubles for repair work on power plants