Informacje i komentarze zawarte w niniejszym raporcie nie stanowi¹ rekomendacji w rozumieniu Rozporz¹dzenia Rady Ministrów z dnia 19 padziernika 2005 roku w sprawie informacji stanowi¹cych rekomendacje dotycz¹ce instrumentów finansowych, ich emitentów lub wystawców. DM nie ponosi odpowiedzialnoci za decyzje inwestycyjne podjête na podstawie informacji zawartych w niniejszym opracowaniu.
Analiza Techniczna
Komentarz: WIG20, S&P 500
Dom Maklerski PKO BP S.A.
ul. Pu³awska 15 02-515 Warszawa tel. (0-22) 521-80-00 Analityk:
Przemys³aw Smoliñski
Poniedzia³ek 17.08.2009
Monika Kalwasiñska 521-79-41 Monika Milko 521-79-17 Przemys³aw Smoliñski 521-79-10 Zespó³ Klientów Instytucjonalnych Artur Szymecki 521-82-14 Piotr Dedecjus 521-91-40 Piotr Gawron 521-91-50 Dariusz Andrzejak 521-91-39 Marcin Kuciapski 521-82-10 Krzysztof Kubacki 521-82-10
Kamil Cis³o 521-82-13
Maklerzy gie³dowi
Mariusz Musia³ 521-78-39
WIG20 (Polska)
W pi¹tek WIG20 ponownie odbi³ siê od oporu na poziomie 2160 punktów. Tym samym indeks nadal przebywa w konsolidacji. O kierunku ruchu indeksu na kolejnych sesjach zadecyduje prze³amanie którego z jej ograniczeñ.
S&P 500 (USA)
S&P 500 nadal testuje strefê oporu 1000-1020 punktów. Jak na razie brak jakichkolwiek sygna³ów inwestycyjnych.
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
1750 1800 1850 1900 1950 2000 2050 2100 2150 2200
June JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarchAprilMay June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July Augus
-30 -25 -20 -15 -10 -5 0 5 10 15 20 25 Wskaznik srednioterminowy
1500 2000 2500 3000 3500 4000
une JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch April May June JulyAugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July Augus
-25 -20 -15 -10 -5 0 5 10 15 Wskaznik srednioterminowy 20
700 800 900 1000 1100 1200 1300 1400 1500 1600
4 May
11 18 26 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
860
870
880
890
900
910
920
930
940
950
960
970
980
990
1000
1010
1020
1030
June July August SeptemberOctoberNovemberDecember2008 FebruaryMarchApril May June July
Wskaznik srednioterminowy
AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July August-40 -35 -30 -25 -20 -15 -10 10 15 20 25 30 35 40 -5 0 5 10000 15000 20000 25000 30000
4 May
11 18 25 2
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
12500 13000 13500 14000 14500 15000 15500 16000 16500 17000 17500 18000 18500 19000
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarchApril May June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June JulyAugust
-50 -40 -30 -20 -10 0 10 20 30 Wskaznik srednioterminowy 40
1000 1500 2000 2500 3000 3500 4000 4500
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
1650 1700 1750 1800 1850 1900 1950 2000 2050 2100 2150 2200 2250 2300 2350 2400 2450 2500
June JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch April May June JulyAugustSeptemberOctoberNovemberDecember2009FebruaryMarch April May June July Augus
-50 -40 -30 -20 -10 0 10 20 30 Wskaznik srednioterminowy 40
1000 1500 2000 2500 3000 3500 4000
4 May
12 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
1200 1250 1300 1350 1400 1450 1500 1550 1600 1650 1700 1750 1800 1850 1900 1950
BUX (Wêgry)
RTX (Rosja)
CECE (Europa rodkowo-
wschodnia)
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarchApril May June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July August
-25 -20 -15 -10 -5 0 5 10 15 Wskaznik srednioterminowy 20
3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
4500 4550 4600 4650 4700 4750 4800 4850 4900 4950 5000 5050 5100 5150 5200 5250 5300 5350 5400 5450 5500 5550
June July August SeptemberOctoberNovemberDecember2008 FebruaryMarch April May June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July August
-35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 Wskaznik srednioterminowy
7000 8000 9000 10000 11000 12000 13000 14000 15000 16000 17000 18000 19000
27 7 May
11 18 25 1
June
8 15 22 29
July
6 13 21 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
8400 8500 8600 8700 8800 8900 9000 9100 9200 9300 9400 9500 9600 9700 9800 9900 10000 10100 10200 10300 10400 10500 10600 10700 10800
21 28 4 June
11 18 25 2 9 July 16 23 30 6
August 13 20 27 3 10 17
September 24 8 15
October 22 29 5 12
November 19 26 3 10
December 17 24 2
2008 14 21 28 4 18
February 25 3 10
March 17 24 31 7
April 14 21 28
May 12 19 26 2 10
June 16 23 30 7
July 14 21 28 4 11
August 18 25 1 8 16
September 22 6 13
October 20 27 3 10
November 17 24 1 8
December 15 22 2912
2009 19 2 9
February 16 23 2 9
March 16 23 30 7
April 13 20 27 4 11
May 18 258
June 15 22 29 6
July 13 20 27 3 10
August 17 24 3
-25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 Wskaznik srednioterminowy
1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
2400 2450 2500 2550 2600 2650 2700 2750 2800 2850 2900 2950 3000 3050 3100 3150 3200 3250 3300 3350 3400 3450 3500 3550
DAX (Niemcy)
SHCOMP
(Chiny)
NIKKEI 225
(Japonia)
une JulyAugustSeptemberOctoberNovemberDecember2008 FebruaryMarchApril May June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July Augus
-40 -35 -30 -25 -20 -15 -10 10 15 20 25 30 -5 0 5 Wskaznik srednioterminowy
3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 9000 9500
5 May
11 18 26 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
4500 5000 5500 6000 6500
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarchAprilMay June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch April May June July Augus
-45 -40 -35 -30 -25 -20 -15 -10 10 15 20 25 30 35 -5 0 5 Wskaznik srednioterminowy
30 40 50 60 70 80 90 100 110 120 130 140 150 160
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
55 60 65 70 75
ulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch April MayJune July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch AprilMay June July August
-15 -10 -5 0 5 10 Wskaznik srednioterminowy 15
5.0 5.5 6.0 6.5 7.0 7.5 8.0
4 ay
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
5.95 6.00 6.05 6.10 6.15 6.20 6.25 6.30 6.35 6.40 6.45
Mied
(LME)
Obligacje 10-letnie (Polska)
Ropa Brent
(Wielka Brytania)
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch AprilMay June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch AprilMay June July Augus
-10
-5 0 5 10 15 20 Wskaznik srednioterminowy 25
2.0 2.5 3.0 3.5 4.0
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
2.80 2.85 2.90 2.95 3.00 3.05 3.10 3.15 3.20 3.25 3.30 3.35
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch AprilMay June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch AprilMay June July Augus
-5
0 5 10 Wskaznik srednioterminowy 15
3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0
4 May
11 18 25 1
June
8 15 22 29
July
6 13 20 27 3
August
10 17
0 10 20 30 40 50 60 70 80 90 Oscylator krotkoterminowy 100
4.05 4.10 4.15 4.20 4.25 4.30 4.35 4.40 4.45 4.50 4.55
JulyAugust SeptemberOctoberNovemberDecember2008 FebruaryMarch AprilMay June July AugustSeptemberOctoberNovemberDecember2009 FebruaryMarch AprilMay June July Augus
