Although the PSEi has been going sideways for some time now, the recent trading days’ action has been quite encouraging.

Even without any leads, the index’s performance has been quite bullish. So much so that it’s quite possible that 3114 would be reached within this week.

The MACD is also encouraging as the fast line has crossed above the slow line once again, showing us that momentum is swinging back to bullishness.  However, we should still trade with caution as anything can happen.  Should our targets be met, let’s not even think twice about taking our profits.

You know what they say, save for a rainy day.  Taking your profits now is our way of saving for the rainy day.