The Russian stock market keeps trying to stay in the positive zone

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The Russian stock market keeps trying to stay in the positive zone, although the color negative is still present. The U.S. Senate decided not to go on vacation to complete the financial report at the same time, they can expand sanctions against Russia and as a rule under the blow could fall, the energy and financial sectors. Big investors understand all this waiting when will the same impact to the markets as low as possible and sank already on sale will begin a large-scale purchase of shares of companies.
At the moment the oil market due to its stability and powerful global regulators led by Russia, Saudi Arabia and the U.S. are encouraging investors to buy shares of oil companies. Which are little likely to fall under the sanctions list of the USA. At the moment the interest is submitted to the investors for the shares of the company Rosneft, NOVATEK, Gazprom.
It is particularly to look to the company Rosneft, as the Board of Directors approved a buyback of its shares worth 2 billion dollars by 2020. Therefore, these securities remain in the focus of attention of large investors, and they continue to increase the position from the price level of 400.00.
In addition, this level is a strong support level. The company NOVATEK, and at the moment she is also promising in the eyes of investors since the beginning of the year until the month of July, the company produced gas 25,802 billion cubic meters. m and is stable compared to other oil and gas companies. So paper NOVATEK interesting to investors from the level of 900.00, and they will also increase the positions in the company.
The us stock market is optimistic, though, and moving in different directions. The S&P 500 index completed a 156-point rally to 2692 2848 and began to recover. Does this mean that the previous correction is over and we have already started a new uptrend that will lead the index to new recovery before going to happen the next pullback? It remains to be seen and we will see it to the end of the week how to form a rising trend of the market. However, there are several factors that make this questionable, the most important of which is that the total market at present is in the explicit contradiction with the mismatch between the technical position of the various indexes.
The underlying strength in the S&P 500 does not split in the Nasdaq 100, the Dow Jones Industrial Average and, most importantly, iShares Russell 2000 (NYSE: IWM). This lack of cohesion indicates the need for some further consolidation / correction that allows the different indices to get back to sync before can happen a new level of recovery. Particular attention of investors was attracted to the shares of Facebook, since the giant stated that the company will release one of several applications that a user could use as a Dating. Therefore, the $175,00 paper company is very interesting to large investors.
Amid the General growth of financial, technological and industrial sectors, if all the chances that we will reach new highs for the major U.S. stock indexes in the short term
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Gaidar Hasanov
Expert
“International financial center”