The first trading session of the week culminated in a decline in the domestic stock market. RTS Index lost 4.44%. MICEX index fell by 5.31%. Trading took place at the minimum levels for the last time.
MICEX Index has fallen mostly on Monday. Major sales were at the opening and completion of bidding. At the same time, most of the day the market held in the area of support at 1080-1100 points, only closer to the closure of attempted penetrations down.
The opening bid by Tuesday, we expect a neutral or moderately negative zone. From a technical point of view of the ongoing movement, we tend to treat as an attempt to break the downward consolidation, which is a strong signal to sell.
In the case of sample 1080 points will receive a confirmation, we look forward to the development of reduction in area 1050 items, then items 970-1000. Thus, the MICEX index in this scenario returns to the range of 970-1100 points.
U.S. Stock Indexes closed tenders sure decline, most of which was to play Russian players yesterday. As one of the main reasons for the release of sales data on an index of business activity in manufacturing FRB of New York. The index fell to minus 9.4 from minus 4.6. Consensus-forecast assumes rate unchanged.
At auction in Asia, sales are continuing. Worse feel commodity market against the backdrop of the resumption of fears about the global economy.
Futures on the S & P 500 traded at the current time in an area of strong support at 920 points. The next goal is to reduce the area of 900, then 880 points. The current movement futures can be considered as a return to the range of 880-930 points.
Futures on the RTS during the evening trading session found support in the region of 104 000 points. This morning it is possible rebound in the area of 106 000-107 000 points. In the event that the sale stopped on the stock market, futures in technical rebound may try to reach the area of 108 000-110 000 points.
Stop by the "long" positions can be located below the 104 000 points. Stop by the "short" positions can be above 108 000, or 110 000-111 000 points.
Within days the market will affect the following news:
- 13.00 Moscow time index of consumer prices in the EU;
- 16.30 Moscow time index of producer prices in the United States, the construction of new homes;
- 17.15 Moscow time manufacturing in the United States.
Moderately negative external background. America closed the decline, oil and gas sector in the market, the financial sector is slightly worse than the market. Asia traded mostly down.
Final recommendations:
Investors - "cut positions;
Speculators - "playing sales".
P. S. Regarding the influence of "shorts" on the dynamics of domestic stock indexes. Some attributed the fall on Monday with a resolution to open a "short" positions. However, large bidders "shorts" and had previously been available, but a "short" positions of private investors and small speculators typically only contribute to the growth in equity markets.
Managing assets Volynsky Alexander
MICEX Index has fallen mostly on Monday. Major sales were at the opening and completion of bidding. At the same time, most of the day the market held in the area of support at 1080-1100 points, only closer to the closure of attempted penetrations down.
The opening bid by Tuesday, we expect a neutral or moderately negative zone. From a technical point of view of the ongoing movement, we tend to treat as an attempt to break the downward consolidation, which is a strong signal to sell.
In the case of sample 1080 points will receive a confirmation, we look forward to the development of reduction in area 1050 items, then items 970-1000. Thus, the MICEX index in this scenario returns to the range of 970-1100 points.
U.S. Stock Indexes closed tenders sure decline, most of which was to play Russian players yesterday. As one of the main reasons for the release of sales data on an index of business activity in manufacturing FRB of New York. The index fell to minus 9.4 from minus 4.6. Consensus-forecast assumes rate unchanged.
At auction in Asia, sales are continuing. Worse feel commodity market against the backdrop of the resumption of fears about the global economy.
Futures on the S & P 500 traded at the current time in an area of strong support at 920 points. The next goal is to reduce the area of 900, then 880 points. The current movement futures can be considered as a return to the range of 880-930 points.
Futures on the RTS during the evening trading session found support in the region of 104 000 points. This morning it is possible rebound in the area of 106 000-107 000 points. In the event that the sale stopped on the stock market, futures in technical rebound may try to reach the area of 108 000-110 000 points.
Stop by the "long" positions can be located below the 104 000 points. Stop by the "short" positions can be above 108 000, or 110 000-111 000 points.
Within days the market will affect the following news:
- 13.00 Moscow time index of consumer prices in the EU;
- 16.30 Moscow time index of producer prices in the United States, the construction of new homes;
- 17.15 Moscow time manufacturing in the United States.
Moderately negative external background. America closed the decline, oil and gas sector in the market, the financial sector is slightly worse than the market. Asia traded mostly down.
Final recommendations:
Investors - "cut positions;
Speculators - "playing sales".
P. S. Regarding the influence of "shorts" on the dynamics of domestic stock indexes. Some attributed the fall on Monday with a resolution to open a "short" positions. However, large bidders "shorts" and had previously been available, but a "short" positions of private investors and small speculators typically only contribute to the growth in equity markets.
Managing assets Volynsky Alexander
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