Archive for June, 2010
Many chartists are currently harping about the big possibility that the US market is due for a big correction as they already see the three major indices; DJIA, Nasdaq & S&P 500, forming the bearish head & shoulders formation, a possible signal that the bear markets are a-comin’.
But before we go on to confirm what [...]
The Philippine Stock Exchange Index (PSEi) has been trying time and again to break the resistance currently found at 3365 but still without success, at least, not the past week. However, if we look at how the index has performed lately, we could see that it has been retesting the resistance at least 3 times [...]
Last week, we wrote that the Philippine Stock Exchange Index (PSEi) will either move higher or it will return to the range and continue to consolidate. True enough, the index returned to the trading range and continues to consolidate. Let us be clear that this is neutral news.
PSEi has tested the 65-day moving average at [...]
The Philippine Stock Exchange Index (PSEi) gave many traders something to cheer about last week. It was able to surpass the year’s high of 3342 by reaching a high of 3367 on Friday, signaling what could be a chance for the index to rise above the current consolidation. It has been observed that the PSEi [...]