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By Bonner Dytoc
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September 30, 2008 |
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The one thing we hoped would not happen became a reality last night as the US Congress rejected the $700 billion bailout package. |
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By Bonner Dytoc
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September 29, 2008 |
An overlooked stock, APC has shown us a probable reversal pattern that we can trade.
APC, from the Sinophil Group, has gone sideways since February after it fell from its high of 1.28 back in June 2007 and has patiently been finishing its pattern. Once it tests the neckline, we can give this stock serious consideration and line it up in our watchlist. |
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By Bonner Dytoc
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September 29, 2008 |
The good news is that it seems the PSEi’s descent has come to a halt and the index is now confirmed to be going sideways.
The bad news is that we’re still in a bear market. Currently, the index has just managed to bring itself above the 65-day moving average at 2564 by closing at 2597. The next immediate area of resistance would be at 2630 before it would try to test the 130MA at 2685. |
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By Fitz Aclan
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September 26, 2008 |
We all know by now what is going in the US financial market. As traders, we should keep our eye out on the effects of the recent bailouts of Lehman Brothers and AIG on the market. Looking forward, where are the markets headed?
We all know that equity and assets of these companies are leveraged many times over. We also know that asset prices are collapsing. |
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