Next week will again reach the speculators
Today”s trading day, Russia”s indexes opened a slight drop, yielding a negative impact on U.S. futures indices, which tested support in the morning, then changed the trend, supporting the domestic bull. The rebound also contributed to the expectation of positive data on U.S. GDP, resulting in closed “shorts” that strengthened the growth in domestic sites. Published statistics significantly exceeded the forecast: GDP growth for the IV quarter amounted to 5,7% against the expected 4,6%. As a result, the MICEX index rushed to the level of resistance in the 21-day moving average, which is reinforced by the proximity of the upper limit of the price band (1412 points). Consolidation at this level of resistance can take place before the start of trading in the U.S.. Opening of the American market will determine the further sentiment on domestic platforms.
At the opening of U.S. indexes can rush to the nearest resistance level. At this level of SP 500 is the mark of 1,100 points. In the case of a sharp rise at the start of trading in the United States on Russia”s market likely another powerful wave of purchases, which will go to the “no” as it approaches the U.S. indices to strong resistance level. In this regard, I recommend using this growth to take profits. With moderate growth in the market could begin a gradual fixation of speculative profits. Before the end of the trading impact on the dynamics of domestic sites will also provide statistics on the United States, namely - the index of business activity. Given the continuing negative fundamental background on world markets and the technical picture, I recommend to reduce the position and not to transfer them to next week.
The main risks of next week, in my opinion, again linked to fears of investors about the situation in Greece. Partners in the EU are putting pressure on Germany, prompting her to take a more active part in the action through Greece, which is still in a difficult position to service the debt of the country. The situation with Greece will continue to influence the currency market, where the pair EUR /USD this week broke the strong level of support for 1,4, opening the potential for further downward movement, which technically is more than 2% from current levels. The reduction can be observed in the appearance of negative signals about Greece. Earlier this week, investors also may negatively perceive another increase of provisioning by the central banks. Thus, the Reserve Bank of India today increased the reserve rules for banks from 5% to 5,75%. In addition, the upcoming week is full of important makrostatistikoy on the U.S. economy, the key will be the data on unemployment for January, which is projected to be 10,1%.
Open mid-term position on the shares during the upcoming week is not worth it. I recommend to keep the speculative strategy. From the level of 1370 points on the MICEX recommend buy up shares, and the approach to resistance at around 1,430 points - record profits.
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Analyst Ratings
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Court: Perm “daughter&quod1ct; LUKOIL “lawfully fined 51 million rubles for monopolistically high prices for gasoline
Of the major commodities to maintain positive momentum in Friday morning not only quotations oil
Danylyshyn believes that the sharp rise in sugar prices caused by the artificial Christmas shopping
The Ukrainian government hopes for a successful revision of the IMF stand-by program in the near future
Greece will seek buyers of debt outside of Europe
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
It is likely that further strengthening of the dollar will constrain the growth of equity markets and adversely affect the oil
When oil and the U.S. stock market return in the January highs, we can see the long-awaited 1750 points on the RTS
If the remaining statistic data did not spoil the mood on the markets, you can expect a continuing positive trend until the end of the session
The rebound in Russia contributed to the market expectation of positive data on U.S. GDP, resulting in closed “shorts”
Next week will again reach the speculators
Today”s trading day, Russia”s indexes opened a slight drop, yielding a negative impact on U.S. futures indices, which tested support in the morning, then changed the trend, supporting the domestic bull. The rebound also contributed to the expectation of positive data on U.S. GDP, resulting in closed “shorts” that strengthened the growth in domestic sites. Published statistics significantly exceeded the forecast: GDP growth for the IV quarter amounted to 5,7% against the expected 4,6%. As a result, the MICEX index rushed to the level of resistance in the 21-day moving average, which is reinforced by the proximity of the upper limit of the price band (1412 points). Consolidation at this level of resistance can take place before the start of trading in the U.S.. Opening of the American market will determine the further sentiment on domestic platforms.
At the opening of U.S. indexes can rush to the nearest resistance level. At this level of SP 500 is the mark of 1,100 points. In the case of a sharp rise at the start of trading in the United States on Russia”s market likely another powerful wave of purchases, which will go to the “no” as it approaches the U.S. indices to strong resistance level. In this regard, I recommend using this growth to take profits. With moderate growth in the market could begin a gradual fixation of speculative profits. Before the end of the trading impact on the dynamics of domestic sites will also provide statistics on the United States, namely - the index of business activity. Given the continuing negative fundamental background on world markets and the technical picture, I recommend to reduce the position and not to transfer them to next week.
The main risks of next week, in my opinion, again linked to fears of investors about the situation in Greece. Partners in the EU are putting pressure on Germany, prompting her to take a more active part in the action through Greece, which is still in a difficult position to service the debt of the country. The situation with Greece will continue to influence the currency market, where the pair EUR /USD this week broke the strong level of support for 1,4, opening the potential for further downward movement, which technically is more than 2% from current levels. The reduction can be observed in the appearance of negative signals about Greece. Earlier this week, investors also may negatively perceive another increase of provisioning by the central banks. Thus, the Reserve Bank of India today increased the reserve rules for banks from 5% to 5,75%. In addition, the upcoming week is full of important makrostatistikoy on the U.S. economy, the key will be the data on unemployment for January, which is projected to be 10,1%.
Open mid-term position on the shares during the upcoming week is not worth it. I recommend to keep the speculative strategy. From the level of 1370 points on the MICEX recommend buy up shares, and the approach to resistance at around 1,430 points - record profits.
2; user rated material on 2,5.
Analyst Ratings
Court: Perm “daughter&quod1ct; LUKOIL “lawfully fined 51 million rubles for monopolistically high prices for gasoline
Of the major commodities to maintain positive momentum in Friday morning not only quotations oil
Danylyshyn believes that the sharp rise in sugar prices caused by the artificial Christmas shopping
The Ukrainian government hopes for a successful revision of the IMF stand-by program in the near future
Greece will seek buyers of debt outside of Europe
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
It is likely that further strengthening of the dollar will constrain the growth of equity markets and adversely affect the oil
When oil and the U.S. stock market return in the January highs, we can see the long-awaited 1750 points on the RTS
If the remaining statistic data did not spoil the mood on the markets, you can expect a continuing positive trend until the end of the session