Morning on the equity market, we met in complete confusion. But rejuvenated after a moment"s confusion quotes quickly led us into feelings. Despite the fact that the movement of our quotation and the price of oil has just fit into the framework of a technical rebound, we have decided to retain all its aggressive and medium-term "long" positions.

This week, in our view will be defining. It must survive with dignity, and steadfastly. London Brent can still find the strength to return to t1000he September uptrend and rise above the level of 74.5 dollars per barrel and the euro seize the initiative from the dollar, breaking its downtrend line at 1,43 /1,44 Usd /Eur.

searching through our portfolio, which is Gazprom shares purchased as kratkosrok and medium term, the paper FSK UES, the shares of Polyus Gold, "rally RusHydro, paper" WGC-3 " and action "NLMK", the positions for which we plan to dilute in the support of 89 rubles, we concluded that we have for the full set of "Noah"s Ark" is not enough market banking sector.

reviewing charts of popular securities of the banking sector, we can immediately weed out the common shares of Sberbank. Too high probability that after the paper failed to cope with the resistances 92 and 90 rubles (upper line uplink from February and July 2009), they can go down to the area of 80 rubles (on line July uptrend, 2009).

Preferred Paper "Savings Bank" more interesting to look for buying until they are above the level of 69.4 rubles (the projection of the ascending channel top of the March, from the point of breakdown in November 2009). But messing with the shaky support would probably be interesting only to a very aggressive speculators. After all, as soon as the quotes are below it, a hypothetical technical objective is to reduce the level of 65,2 /65 rubles (bottom in December 2009, which is a daily chart of the issuer may well be the bottom between two peaks trend reversal patterns "double top"). Note that the pre-crisis level of 65 rubles more than once saved the quotation of preferred shares of the Savings Bank "from the fall, so that now even the medium-term investors need to monitor its immunity.

For dessert, we left the shares of VTB. These actions seem to us the most attractive for purchase, both for those looking for quick gains and for those who want to buy a paper and forget about them for some time. Ideal for speculators would buy the paper at the support line rising trend of July 2009 in the 0,688 /0,069 rubles. But do not know how this is possible in the coming days, because the paper in a weak market encroach on the rising channel resistance line from March 2009 0,0718-0,0720 ruble. If they manage to rise above those abroad, they will be back to the global line Fibonacci 38.2% of the quotations down the bank from the first day of trading in the stock market in March 2009 - 0.0785 /0.0786 ruble.

Winds of Change
No sooner had investors reeling from some problems like the looming others
Anniversary Davos Forum will discuss the global reorganization of the world
Finance Ministry: Russia has paid to the London Club of creditors
The EU began an antidumping investigation against BHP Billiton and Rio Tinto
The positive dynamics of shares of European banks supported the paper "Sberbank (1.3%) and VTB (0.6%)
Index of the Frankfurt Stock Exchange Xetra DAX fell 0.49%, the index of the London Stock Exchange FTSE 100 dropped to 0,75%
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 4.264 billion rubles
In the 1 st quarter of 2010, Severstal will resume a number of factories in the U.S.