Market Analysis

Friday ended lower quotations major domestic issuers. The MICEX index fell 1.78%. Trading activity is moderately increased.

Bidding began on Friday with a confident sales, which continued during the first half of the day. Only after 15.00 Moscow time the market could find support in the region of 1395-1400 points on the MICEX. Subsequent purchases have led to the closure of the day at 1,410 points.

On Friday evening the situation looked as if could catch for 1400 points and then we can expect a strong rebound.

However, the course of American trading session changed the balance of power in favor of "bears", which is likely at the opening on Monday will lead to breakdown of the 1400 points on the MICEX.

U.S. stock indices closed lower on Friday assured. Major sales occurred in the financial sector, where"d play concerns regarding Obama"s plan to reduce the size of banks, the imposition of restrictions on trade in its own facilities and etc.

oil and gas sector also suffered significant losses. In a moment futures for Brent oil tested support around $ 72. To date, the futures rebound, forming a local bottom. Potential rebound goal located in the region of $ 75-78 per barrel.

In the Asian session, the stock indexes traded in the temperate region minus. Prevalence Sellers noticeably weaker than would be expected based on the outcome of trades in the United States.

possible buyers supported the confidence that a re-election of Ben Bernanke to head the Fed for another term.

on the SP 500 Futures traded at around 1097 points by testing during the Friday session of 1087 points. At the moment fluctuations in the futures look within the range of 1080-1110 points. Expect the development of rebound up with a potential target in the vicinity of 1110-1120 points.

To resume the uptrend should return higher than 1120-1130 points. Output below 1080 points will confirm the reversal.

Monday on Russia"s stock market expected to begin with a gap down. At the opening of trading, is likely to be punctured at the level of 1395-1400 points. However, later expect a return above this level. Purpose rebound upwards - 1410-1430-1450 points on MICEX.

Therefore, we recommend using a negative opening on Monday for shopping with a stop below 1370 points.

Futures on the RTS during the evening session on Friday reached a support at 147 500 points. Today, expect a return above 148 500-150 000 points with attempts to reach 151 500-153 000 points.

This week will be full of events and macroeconomic data:
- Monday, 18.00 Moscow time sale on the secondary housing market in the U.S. for December;
- Tuesday, 17.00 Moscow time index of home prices from SP /Case-Shiller for November, 18.00 Moscow time index of consumer confidence in January;
- Wednesday, 18.00 Moscow time sales in the primary housing market in December, 22.15 Moscow time decision on rates, the U.S. Federal Reserve;
- Thursday, 16.30 Moscow time, orders for durable goods in December;
- Friday, 16.30 Moscow time the U.S. GDP for the fourth quarter of 2009.

External von moderately negative. America to close certain decline, oil and gas sector is moderately worse than the market, the financial sector worse than the market. Asia is trading moderately down.

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

American statistics on sales of existing housing will have a significant impact on the outcome of todad0fy"s trading
After Drawdown Russian sites occurred at the end of last week, the market is ready for technical rebound
Today at the opening of the expected gradual decrease in quotations on the full range of liquid securities
Today the opening of tenders is expected to near previous closing levels on the equity market
In 2009, "IDC Center and Volga Region" attached to their networks more than 15 thousand consumers
Vladimir Putin instructed to develop a comprehensive strategy for the development of the North Caucasus Federal District
U.S. stock indices closed lower on Friday assured
On Friday, the U.S. stock market dominated by pessimism
Logistichnoe decision

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