Market Analysis

The second trading session ended the week lower on the domestic stock market. RTS index has lost 1,96%. The MICEX index fell 2.71%. Trading volumes continued to increase, reaching maximum values for the quarter.

revitalizing the opening on Tuesday local maxima, the remainder of the day the market is classically reduced. Most of the amounts allegedly took place in sales, which makes an application for another attempt to form peaks.

In the case of launch short-term correction of the immediate objectives of sales are located in the 1300, 1280, 1250 points. The objectives of the medium correction still see in the area 850-950-1050 settlements on MICEX.

In the present situation is possible to sell short with a stop above 1370 points, a bull with a stop less than 1230-1250 points. For mid-game for a fall, you may need to await the formation of the second peak below 1370 points on the MICEX index.

Opening bidding environment is likely to take place with certain gepom up. The nearest resistance levels - 1350, 1370, 1400 points. Support - 1300-1310, 1280 items on the MICEX index.

U.S. stock indices closed moderately lower Tuesday. The worst of the market felt the banking sector against a background of lowering recommendations known analyst Meredith Whitney (Meredith Whitney) on Securities Goldman Sachs.

behaved better than most paper oil and gas companies, due to the improved oil prices

At the auctions in Asia is dominated by buyers, supported by data on the Chinese economy and a positive record of Intel. Exports of China fell in September to 15.2% compared to the same period a year earlier, which was the minimum reduction in the past nine months. Analysts had expected the fall rate of 21%.


Revenues
Intel in the third quarter totaled $ 9.39 billion, which is better than analysts' forecasts ($ 9 billion). At the same time in the fourth quarter, the company expects revenue of $ 9,7-10,5 billion, which is also better than analysts' forecasts (consensus forecast $ 9.5 billion).

Futures on the SP 500 during the Asian trading session updated the local maxima exceeded 1080 points, which increased the chances of access to 1,100 items.

Futures on RTS Index today is likely to try to reach the region 145 000 items, where possible sale per attempts to turn, or to establish the range of 140 000-145 000 points.

Within days the market will affect the following news and information:

- 12.30 Moscow time, unemployment in the UK in September;

- 13.00 Moscow time, industrial production in the EU in August;

- 16.30 Moscow time retail sales in the U.S. for September, the dynamics of export /import prices in September;

- 18.00 Moscow time business supplies;

- 22.00 Moscow time the Fed minutes of the meeting.

positive external background. America to close moderately lower, oil and gas sector is better than the market, the financial sector is worse than the market. Asia traded mostly up.

The final recommendations:

Investors - cut position ;

speculators - sell short.

In the first half of the day at the Russian sites is expected speculation up
The opening of trading on Russia's market is expected to gepom up 1-2%
The absence of reasons for selling Russia's stock indicators may well continue to rise
Against the backdrop of rising oil prices increased demand for the opening will benefit stocks of oil and gas sector
Better the market today can be paper, Lukoil, Sberbank and Norilsk Nickel
Futures on the SP 500 during the Asian trading session updated the local maxima
On Tuesday, the course pair euro /dollar has updated its maximum value of more than a year
Latin America: Prospects of the Brazilian economy grows, shares the same
Telephone operators have changed the order of a set of long-distance calls and international destinations

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