Market Analysis

The advantage of "bears" on Russia"s market will be felt from the beginning of the session, facilitated by the external background will continue to deteriorate. At the world"s stock markets continued sale, market sentiment uncertain, and the main reason for this are the statements of Barack Obama on reforming the banking system. The U.S. market was closed the day before with more than with 2% less. The Dow Jones slipped below 10200 points, and the index of SP 500 is not pinned support 1,100 points. Asian indices traded in the red zone. A positive fact is the rebound in the market of Japan, associated with an attempt to close the gap of the morning against the backdrop of the restoration futures on U.S. indices. ADR on shares of Russian issuers closed below the local market, which will have a negative impact on the dynamics of domestic indexes at the opening of tenders.

Dynamics futures neftdobavit pessimism in investor sentiment. Yesterday, after the end of the session on Russia"s market futures on Brent oil has not kept a note of $ 73 per barrel, but today the opening of the partially restored the positions and traded near that level.

domestic platforms were reopened the day with a gap down, but after sales at the start of trading expected to attempt to close the morning gap against the rising dynamics of futures for U.S. indices and oil, as well as rebound in Asian markets.

Correction MICEX Index will continue. Ruble indicator test the lower boundary of the uptrend, passing near the minimum of the Friday trading session. Testing the lower boundary can contribute technical rebound, which increases the attractiveness of speculative strategy.

The mood inside the day will be determined by the statistics of sales in the secondary housing market, the U.S., which will be announced at 16:30 Moscow time. According to forecasts, sales are expected at the highest level that can reinforce the optimistic mood after three days of decline. In addition, the course of the auction will affect the corporate records: before the opening session of the United States will report to AK Steel, and after completion of bidding - Apple and Texas Instruments. Positive reporting also can contribute purchases after such a sharp decline.

most liquid securities at the opening will reduce the gap between the value of the local market and the price of ADR. The rebound in U.S. index futures contribute to the formation of speculative purchases on the levels of supports to which the shares will go in the sales at the start of trading.

Closed on Friday short positions today can be reopened in the calculation for the continuation of the negd06ative dynamic
Accumulated oversold can lead to rebound up during today"s trading
Drawdown at the opening of trading the MICEX index may return to the Friday lows in the District 1396 points
Last Friday, the euro /dollar has risen dramaticalld3fy in the U.S. session, more than 100 points and reached a mark 1.4178
GM close to agreement on the sale of the Dutch Spyker Saab
Exchange rate of dollars saved without changes - a review of cash markets
Britain has condemned the U.S. for the regulation of banks
The Kremlin made a turn after
Government does not give someone else

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