We just went through an unfortunate hostage crisis which brought the stock market down. Yet we are still alive and kicking.  The Philippine Stock Exchange Index (PSEi) already reached the near term target of 3600 before it corrected.  Despite the big drop, we still managed to pick ourselves up and continue the current trend.
Even the [...]

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 [...]

Slowly, the Dow Jones Industrial Average (DJIA) is checking off each item it needs to do to get back on the bull.  Break back above the neckline, check.  Break the short term resistance line, check.  Set a higher level than the high in June, check.  Break through the moving averages, check.  Surpass the high set [...]

The Philippine Stock Exchange Index (PSEi) has reached its 30 month peak last week at 3539 and has backed off from that level.  Despite the correction, our local index is still in the midst of a bullish trend.  Should the index continue correcting, the most immediate support that we see is at 3400.  The support [...]

The Philippine Stock Exchange Index (PSEi) is still bullish despite the implementation of a new trading system.  The new system has caused a lot of adjustment to be made not only from the broker’s side but also from the client’s side as they are all getting used to the new fluctuation structure.  To avoid the [...]

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 [...]

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 [...]