The Philippine Stock Exchange Index (PSEi) is going through the same thing that the DJIA is going through but it’s not as bad.
We mentioned before that the index was maintaining being above the moving averages to keep itself look bullish.  By the end of last week’s close at 4251, it has already dipped back below [...]

The Philippine Stock Exchange Index (PSEi) is still staying above all the moving averages to close the week at 4302 yet this doesn’t mean that we should be bullish after wading through a choppy market.
The moving averages continue to oscillate within each other, only confirming what we already know; that the index is still forming [...]

The Philippine Stock Exchange Index (PSEi) continues to stay above the moving averages to keep the whole market afloat and give traders a glimmer of hope.  However, that doesn’t mean that we’re out of the woods yet.
As we mentioned, the index is keeping itself above the moving averages to keep things bullish.  However, we need [...]

The Philippine Stock Exchange Index (PSEi) is looking eerily similar to what the DJIA is going through at the moment; which is that it is forming its own bearish head & shoulders pattern.
Earlier, we saw our index gap up by 60 to 70 points but what concerned us was that it wasn’t able to close [...]