External background is moderately negative for the market of Russia: America closes moderate growth, Asia is trading down

Written by admin on February 21st, 2010

Following Monday MICEX index added 0,39%. Trading activity has decreased.

opened on Monday in the area of 1395-1400 points, within days the MICEX index was able to reach 1420 points, which moved to the lateral motion. If this was a rebound in the emerging downtrend, it is very weak.

U.S. stock indexes closed moderately higher Monday. Well traded financial sector, which probably supported a belief in re-electing Ben Bernanke.

At the auctions in Asia, the situation has changed in favor of "bears". Investors are again reminded of the threats tightening of monetary policy in China. Added by lowering the negative recommendations of the papers from the PRC banks Goldman Sachs.

Futures on the SP 500 during the Asian session, experienced reduced to 1080 points. At the moment, hope to rebound associated with working off the range 1080-1110 points, otherwise we can go into free fall. In case of breakdown following objectives are to reduce the 1060, 1040, 1020 points.

Futures Brent oil on concern that slowing China also reduced today. Nearest support - $ 72. Main support - $ 70. The purpose of a possible rebound up - $ 75.

Thus, today, expect a negative opening of trading on Russia"s stock market. To preserve the chances of growth /Comma delimited desirable to keep the level of 1395-1400 points. Otherwise, the next sales goal - 1350-1370 points on the MICEX.

If you deduct 1400, it will soon be possible rebound in 1430-1450 items on MICEX.

Fastening below 1395 points, is likely to lead to the predominance of sales. In this variant is advisable to settle "long" positions.

Futures on the RTS index closed the evening session in the region of 150 000 points. This morning, may decline to 147 500-148 500 points. Then, depending on whether the rebound will commence on futures SP or not. In the positive scenario futures on RTS Index today may try to overcome the 151 000 points with the potential of 155 000 points. In the negative version of the following objectives to reduce - 145 000, 143 000.

Within days the market will affect the following data:
- 12.30 Moscow time data on UK GDP for the fourth quarter of10002009;
- 17.00 Moscow time index of home prices from SP /Case-Shiller for November;
- 18.00 Moscow time index of consumer confidence in January, the index of investor confidence in January.

External von moderately negative. America to close a moderate rise, oil and gas sector at the market, the financial sector better than the market. Asia is trading down.

The final recommendations:
Investors - cut position ";
speculators - "play to improve".

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Analyst Ratings


FORTS Market closed countervailing growth: RTS Index futures declined on the basis of trades on day 0,38%
Following Monday the value of the MICEX Index reached 1415.86 points, which is 0.39% above the closing level of the previous trading day
Russia stock market at the opening will again test the strength of support for the MICEX index at 1400 points
Today, the situatd6eion on the Russian sites fully determine the dynamics of the western stock exchanges and commodity markets
Today may be continued demand in the securities of the electricity sector
For Russia"s stock market develops mixed external background, it is expected opening of a controversial domestic sites
At the opening of Russia"s market can expect a decrease in quotations on the full range of liquid securities
Yesterday, the euro /dollar has stabilized in the American session close to a mark 1.4150
Despite the growth of European and "commodity" currencies during the trading day Monday, the interest of players to purchases of risky assets are still very weak

 

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