The Philippine Stock Exchange Index (PSEi) is not finished with making new 30-month highs.  As we see the DJIA moving sideways, the PSEi has proven itself to have decoupled from the said index and has continued trending higher, much to the delight of most investors.

The moving averages continue to support the rise of the index as there has been no change in the trend and the slope of its rise.

The MACD also continues to confirm the bullishness in the PSEi although it is gingerly oscillating above the zero line.

Our current support is at 3420.  We are still on our way to the near term target of 3600.  There are still some issues that have yet to breakout and we will just wait for the right time to enter.