market continues to rise after oil. We recommend focusing on the blue chips

Oil played 50% of the fall since the beginning of this month, returning to above $ 66 mark. Just today, the quotations of oil futures rose by 1.5%, supporting the optimistic player in the growth of quotations of major papers on the Russian stock market. European stock indicators rising more than 1%, futures on S P500 in the black at 0.7%. On the horizon, it seems, no clouds, which could spoil the mood of the bulls in the moment.

As expected, in the wake of the new risk-taking investors are leading shares most speculative securities in the domestic market - shares of MMC Nornikel (5.5%), Sberbank (3.6%). More than 3% added other liquid stocks of metallurgical and petrochemical sectors. MICEX Index (2.68%) is close to the mark of 1000 points. Recall that a local maximum of the end of June - early July, on the MICEX index was 1014.61, paragraph, and the overcoming of this mark will be perceived as a signal confirming the formation of a rising trend on the Russian stock market. So far, this has not happened, and there is no rewriting of maxima on the U.S. stock indices, it makes sense not to get involved in the formation of medium-term portfolios, viewing the observed rise only as a speculative growth. In addition, you can not bother searching for a certain speculative ideas on the market. The market is growing a broad front. Only occasionally fired single paper (as was the case on Friday with shares Mosenergo to publish quarterly reports), but to predict who will be better in any given day in the market in terms of an already good recovery - is difficult.

We still recommend that you focus on securities of oil and steel companies and banks. This strongly recommend to give preference to the most liquid securities in the companies' second-tier. In the face of excess liquidity in the markets and with continuing uncertainty regarding the future, even several months, market participants continue to discount the price nizkolikvidnyh securities.

From the publication of the evening the index of leading indicators in the United States, we do not expect any impact on the stock markets. More interesting is the question whether S P500 penetrate its maximum value for this year, which left up to 1.5%.

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