Archive for July, 2010
The Philippine Stock Exchange Index (PSEi) is continuing its bullish streak. Even as the DJIA is undergoing a stage of chaos as both buyers and sellers are struggling for dominance, our own local index enjoys the continued confidence of the traders as we see it reaching 2 year highs.
The previous level of 3360, which we [...]
If we are to compare the DJIA with our Philippine Stock Exchange Index (PSEi), there is, surprisingly, a discrepancy. The DJIA has undergone a consolidation phase that turns out to be bearish. It breaks down a bit and rallies past the breakdown point. Our PSEi however, has never broken its uptrend since March 2009. There [...]
The DJIA has been performing badly. But the PSEi has been testing the resistance at 3360. Also, the index has still been respecting the uptrend support which is now around 3200.
The index remains bullish as it has been staying above the 3 moving averages. It is also good to note that the moving averages are [...]