Significantly better than the market today look Gazprom shares, which traded in positive territory on falling market

by admin on October 13th, 2009

current decline has not be taken as the beginning of a full correction

on Russia's stock market today reign uncertain mood, which is associated with the technical overbought domestic market. On the correction observed in futures on indices the United States, Russia's stock market went into the red zone. However, the rebound in futures did not return a customer to Russia's stock market. An interesting event of the day was the continued publication of statements of U.S. companies. Before the opening of trading in the U.S. reported Johnson Johnson, the report exceeded forecasts, but rapid growth is not caused. Thus, market participants reacted with restraint to the results of activity, as reporting season has just begun and the desire to pull up quotes on at such high levels yet. The main expectation is related to the reporting of financial structures, which will be published tomorrow.

After growth on record Johnson Johnson futures for U.S. indices adjusted. If the growth in the report was ignored, the opportunity to recoup an active sales market in Russia. However, the current day is taken merely as a correction after rapid growth, reasons for the change of sentiment yet. Market participants are unlikely to substantially misled down Russia's market on the session, because after the close of trading, we will report to Intel, the expectations for reporting fairly optimistic that does not contribute to closing the session in the shorts. After the close of trading will be announced and the U.S. budget deficit, which also raise volatility.

Russia market is continuing to trade near the upper boundary of the rising channel. However, if you continue to publish reports of strong market is unlikely to be able to adjust. Past sale slightly cooled Russia's stock market that facilitates the return to annual highs. Thus, the speculative long positions remain attractive. But Russia's market is overbought, so the potential upward movement is limited. Pretty soon the strong statements will not contribute to growth and market participants prefer to take profits.

significantly better than the market today look Gazprom shares, which traded in positive territory on falling market. The main driver of growth served as a demand by non-residents. The company's shares have not reached the annual maximum, which was installed in June, which is still evidence of their attractiveness.

In the current correction were significant-sale shares of LUKoil, which are currently resold locally. Thus, if the thirst to return purchases, the company's stock may be better than the market. I recommend to open long positions in securities.

In the sales shares VTB approached the lower boundary of the rising channel. Thus, the bank's shares are attractive for opening long positions in the short term. The lower boundary of the channel passes through the mark of 7 kopecks. The immediate goal may be a 21-day moving average, which is held on a mark 7,09 cop. Also, the paper bank look good in light of upcoming reports, the U.S. financial institutions.

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