Today, the market correction day. But even in such circumstances, the paper is to demonstrate strong growth

Rapid growth of closure of short positions that occurred during the last hours of the Friday trading session led to today's stock pads rehabilitative day. Stock indicators in Europe are reduced by an average of 0.5%, in a small red futures on S P500 and quotes Brent. According to the MICEX index has also been a slight downward pressure - speculators are recorded after the rapid growth in data on the labor market in the United States. In general, we see no short-term reasons for the change of the prevailing trends in the market now, and we continue to look up. Today is expected quiet trading day, with the output statistics of the United States. Tomorrow, markets will otygryvat on growth promproizvodstva in China, which are expected to be double. In addition, investors will take a wait-and-see stance before the U.S. Federal Reserve meeting on 12 August. Thus, the risks of a sharp decline in equity grounds, we believe, will soon be limited, accordingly, it makes sense to stay in the long on the Russian Market.

In the Russian market, as we noted, in general, a slight decline. Most blue chips is reduced to 2%. Leader of rollback down Surgutneftegaz (-2.1%), which is fully played yesterday's growth after 16.30 Moscow time. At 1% loss of Gazprom, Lukoil and Gazprom Neft. Green paper Uralkali (3.8%) and Akron (4.2%) and NLMK (3.1%) and Severstal (1%). Sberbank traded at zero.

There are no new ideas in the market over the past weekend did not appear, therefore, should do nothing, as the technical correction to continue upwards. In terms of intraday trading interest are two points - the level this morning minima for specific securities, which can cause updates to the stop-loss function, as well as yesterday's maxim, which will strengthen the confidence of Perforation players in maintaining a growing trendin the market. In terms of the latter the most interesting paper is Uralkali, now checks the box on the strength of 125 rubles. This is the third attempt to climb above that mark - the first two were taken on 13 May and 2 June. It may be that with a third attempt to assault this level will be able to. We suggest that you carefully follow the struggle of the buyers and sellers in this paper, the volume of trades will be confirming signal a possible exit top.

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