The week will end on the minor note. A period of corporate records in the States. We believe that in general the real data would be better than forecasts. As in April, when the company reported on the results of I quarter. And the reason is not that companies have to work harder. Just the quality of the forecasts leave much to be desired, because Most of the financial models are not meant for sharp fluctuations in the market crisis.

We, the participants again clearly perestrahovalis, preparing for the worst. A number of key indicators for the market came to its level of support that gives hope to reduce the suspension. SP500 index and a consolidated European Bloomberg500 index traded in a zone of convergence of moving averages of MA60 and MA200. Soft landing for the medium sliding MA60 and carried oil futures.

On our market - a very similar situation. The main indices were also caught in the zone between the medium and long-term moving averages MA60 and MA200. Of course, one can not completely exclude the probability of a negative scenario, the movement to lower the level of MA200. However, if it happens, it's likely that the reduction will be short. Strait quick redemption.

weekly break-even level of trading positions on the MICEX index is located at 937 c., ie, shortisty still feel relatively secure. However, in the case of increasing the index above this level at the same time penetrate descending trend from June 2. As a result, the reverse movement of the top can be quite dramatic for effect.

Only in July, bears managed to leave behind their backs, three outstanding gepa (2, 6 and 8 July). This was a recipe for short-term push MICEX index, at least to the level - 1000 (ISI = 60, p. 1004).

In the medium term we expect growth. Planck Index MSCI-Ru raise up to 900 section, ie at the maximum level of September 2008 If the first wave of growth this year was due to the technical closure of short positions against the background of expectations of recovery the U.S. economy, in the coming months could become the main driver is the actual output of the U.S. recession. The probability of this event (before the end of the fiscal year in the United States), we estimate how high.

Among the blue chip shares in the largest red FGC (-5%) and prefy Sberbank (-3.4%), in the black, Rosneft (0.6%)
Oil prices and the index of the MICEX balance in the region of significant levels of support, which could provoke a breakdown of sales
If the United States reporting companies will not be worse than forecasts, the Russian market will be the potential for growth
It is possible that by the middle of the day, buyers returned to the Russian market
Go 100% stake in TGK-11 under the control of Inter RAO is a positive development for TGK-11
Publication of the index of consumer confidence in the United States can not meet the expectations of analysts
The growth potential of the top of the MICEX index has restricted levels of 920-930 points
Today, the Russian markets have a chance to go lower than 880 points on the MICEX index
Power machines produced and shipped a unique hydraulic equipment for Boguchanskaya HPP