Today, the strongest positions are at stake gas and steel companies

Written by admin on October 19th, 2009

Today the market is ready to grow

U.S. stock indexes finished trading on Friday with losses in the range 0,8%. Satisfactory data on industrial production for September (0.7% m /m) were dashed lower index of consumer confidence at Michigan State University (69.4 points, the forecast 73,5 points). Pretty weak quarterly reporting General Electric and Bank of America also contributed to the optimism in the market. As a result, SP Banks Index fell 3.35%, and the index of oil companies (Amex Oil) rose by 0,2%. Despite the closure of the session in the red zone, it's worth noting that almost half of the fall of the indices in the first hour of trading has been successfully purchased.

This week started with a new rise in prices for oil futures contracts. Quotations Light Sweet today rose to the level of $ 79/barr. Contracts for Brent blend on Monday traded at $ 77/barr. That almost $ 1.5 above Friday levels.

traded in the Asian markets today are in heteropolar areas. Significantly better than the rest is traded Chinese stock market: Shanghai Comp 1,65%. The representative of the NDRC announced today that China's GDP growth for January-September amounted to about 7,5% y /y. Australian stock market on Monday, falling hard enough to comment on the continuation of RBA tightening accounting policies in the country soon. Futures on U.S. indexes now gradually emerging from the negative zone in the plus.

opening of trading on Russia's stock market earlier this week we will see in the zone of moderate growth of quotations of liquid securities. The most stable position will have shares of oil and gas and steel companies. I think that non-aggressive purchases of securities in these sectors will justify itself in the next couple of days. The MICEX index closed Friday at 1,317 points, while taking into account the current external background must go higher, which is very positive in terms of technical analysis. It should be borne in mind that while stock markets are flush with liquidity, speculation for a fall can be fraught with losses. Therefore, our position - trying to buy lower per growth.

Today in the 19-00 U.S. Fed chief Bernanke BS speak on the topic of the economy on the Fed's conference in California, in the 21-00 come out the October data on the housing market index (NAHB). After the close of trading in the U.S. will report Apple, Texas Instruments.

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From large corporations today are accountable Apple and Texas Instruments, from Russian companies - Norilsk Nickel
On the side of the bulls in favor growth of quotations of oil futures on the side of the bears - suspend the fall of the dollar
If the MICEX index goes below 1316 points, it will cause the fixation of short positions
Increased activity is observed in the shares of MMC Norilsk Nickel: Today, the company will publish results under IFRS for 1 half of 2009
Oil prices as a driver of growth will have already played at the opening, that would spur profit-taking
Russia market correction will continue on Monday, started on Friday, while better than the market may look oil

 

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